SELECT WATER SOLUTIONS INC (WTTR) Stock Technical Analysis
USA - NYSE:WTTR - US81617J3014 - Common Stock
9.01 USD
-0.07 (-0.77%)
9.19 USD
+0.18 (+2%)
Taking everything into account, WTTR scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. WTTR was also a bad performer in the overall market in the last year.
83% of all other stocks performed better in the past year than WTTR.
WTTR is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, of which 60% are performing better than WTTR.
WTTR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month WTTR has a been trading in the 7.86 - 9.24 range, which is quite wide. It is currently trading near the high of this range.
WTTR has an average volume of 1128340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of WTTR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.82
9.98
When analyzing the support we notice one important area.
- A support zone ranging from 7.90 to 8.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @9.34 from a trend line in the daily time frame.
- A resistance zone ranging from 9.74 to 9.88. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for WTTR is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WTTR is up. |
| ChartMill Relative Strength | 17.54 | NEGATIVE | WTTR has a low relative strength, it was outperformed by 82.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WTTR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WTTR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WTTR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.34 | NEUTRAL | The RSI value for WTTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests WTTR has a positive trend. |
| Stochastics (14,3) | 89.64 | OVERBOUGHT | The high Stochastics value suggests WTTR may be overbought. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for WTTR suggests some volalility. |
| Average Directional Index/ADX (14) | 20.73 | NEUTRAL | The ADX value for WTTR suggests a possible start of a new 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)
9.01
-0.07 (-0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.77%
1 Week7.39%
2 Weeks7.39%
1 Month9.74%
3 Month-1.21%
6 Month-6.63%
12 Month-15.32%
2 Year13.33%
3 Year29.27%
5 Year134.64%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%3.43%
ATR Inc22.51%
Range Today0.33
ADR(20)0.31
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.54
Mansfield-2.4
10 Day High9.24
10 Day Low8.23
20 Day High9.24
20 Day Low7.86
52 Week High15.14
52 Week Low7.2
CS1 End8.08
CR1 Start9.34
Volume & EV
DER(3)8.61%
DER(5)4.13%
Volume908.00K
Volume Incr16.73%
Vol(5)1.14M
Vol(50)1.13M