WATTS WATER TECHNOLOGIES-A (WTS) Stock Technical Analysis
NYSE:WTS - New York Stock Exchange, Inc. - US9427491025 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to WTS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WTS is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
WTS is part of the Machinery industry. There are 127 other stocks in this industry. WTS outperforms 76% of them.
WTS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WTS is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that WTS is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month WTS has a been trading in the 238.58 - 260.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WTS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
189.60
260.75
4 important support areas can be observed.
- A support zone ranging from 237.29 to 239.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @208.16 from a horizontal line in the daily time frame.
- Support @203.61 from a horizontal line in the daily time frame.
- Support @191.52 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 252.39 to 258.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WTS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WTS is up. |
| ChartMill Relative Strength | 83.29 | POSITIVE | WTS has a high relative strength, it outperformed 83.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WTS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WTS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WTS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.06 | NEUTRAL | The RSI value for WTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.82 | NEGATIVE | The MACD value suggests WTS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.23 | NEUTRAL | The Stochastics value for WTS is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for WTS suggests low volalility. |
| Average Directional Index/ADX (14) | 25.86 | POSITIVE | The high ADX value value for WTS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 258.18 | 242.76 | 15.42 (5.97%) | 16.74% |
| An entry @258.18. This is a Buy Stop order right above the resistance zone. | An exit @242.76. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 15.42 points, which is 5.97%. | When investing 16.74% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
251.14
-0.38 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.15%
1 Week-1.37%
2 Weeks-1.63%
1 Month4.19%
3 Month27.46%
6 Month21.06%
12 Month27.9%
2 Year34.64%
3 Year81.81%
5 Year199.37%
10 Year352.83%
15 Year679.94%
Volatility
ATR(14)5.19
ATR(20)%2%
ATR Inc-8.94%
Range Today4.12
ADR(20)4.98
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.29
Mansfield0.91
10 Day High260.93
10 Day Low242.77
20 Day High260.93
20 Day Low238.58
52 Week High260.93
52 Week Low177.59
CS1 End239.36
CR1 Start252.39
Volume & EV
DER(3)-1.05%
DER(5)0.03%
Volume243.10K
Volume Incr30.56%
Vol(5)239.72K
Vol(50)203.45K