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AI Analysis of AWK
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American Water Works stock downgraded from Buy Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)

Sell candidate since Jun 25, 2024 PDF

The American Water Works stock price fell by -2.13% on the last day (Tuesday, 25th Jun 2024) from $132.18 to $129.37. During the last trading day the stock fluctuated 2.42% from a day low at $129.22 to a day high of $132.35. The price has risen in 6 of the last 10 days and is up by 0.63% over the past 2 weeks. Volume has increased on the last day by 226 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 778 thousand shares were bought and sold for approximately $100.59 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.90% during the next 3 months and, with a 90% probability hold a price between $140.53 and $159.86 at the end of this 3-month period.

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AWK Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The American Water Works stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $130.12 and $130.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -4.52%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for American Water Works stock

On the downside, the stock finds support just below today's level from accumulated volume at $122.21 and $118.52. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, American Water Works finds support just below today's level at $122.21. If this is broken, then the next support from accumulated volume will be at $118.52 and $118.31.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.13 between high and low, or 2.42%. For the last week the stock has had daily average volatility of 1.87%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AWK) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect American Water Works to open at $130.31, and during the day (based on 14 day Average True Range), to move between $126.95 and $131.79, which gives a possible trading interval of +/-$2.42 (+/-1.87%) up or down from last closing price. If American Water Works takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $130.77 (1.08%) than the support at $122.21 (5.53%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is American Water Works stock A Buy?

The American Water Works stock holds several negative signals and despite the positive trend, we believe American Water Works will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.892 Sell Candidate Downgraded

Predicted Opening Price for American Water Works of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
$130.31 ( 0.728%) $129.37

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AWK

Fibonacci Support & Resistance Levels

Level Price
R3 133.44 3.14%
R2 132.24 2.22%
R1 131.51 1.65%
Price 129.37
S1 129.12 -0.195%
S2 128.38 -0.765%
S3 127.19 -1.69%

Accumulated Volume Support & Resistance Levels

Level Price
R3 135.50 4.74%
R2 133.75 3.39%
R1 130.77 1.08%
Price 129.37
S1 122.21 -5.53%
S2 118.52 -8.39%
S3 118.31 -8.55%

AWK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 13, 2024 May 13, 2024 Jun 03, 2024 $0.765 0.585%
2 Dec 06, 2023 Feb 07, 2024 Mar 01, 2024 $0.708 0.591%
3 Oct 31, 2023 Nov 14, 2023 Dec 01, 2023 $0.708 0.531%
4 Oct 31, 2023 Nov 13, 2023 Dec 01, 2023 $0.708 0.531%
5 Jul 26, 2023 Aug 07, 2023 Sep 01, 2023 $0.708 0.513%

FAQ

What is the symbol for American Water Works Stock and on which exchange is it traded?
The symbol for American Water Works is AWK and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell American Water Works Stock?
The American Water Works stock holds several negative signals and despite the positive trend, we believe American Water Works will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy American Water Works Stock?
American Water Works Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy American Water Works Stock.

What's the current price of American Water Works Stock?
As of the end of day on the Jun 25, 2024, the price of an American Water Works (AWK) share was $129.37.

What is the 52-week high and low for American Water Works Stock?
The 52-week high for American Water Works Stock is $151.22 and the 52-week low is $113.34.

What is the market capitalization of American Water Works Stock?
As of the Jun 25, 2024, the market capitalization of American Water Works is 25.752B.

When is the next earnings date for American Water Works?
The upcoming earnings date for American Water Works is Jul 24, 2024.
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About American Water Works

American Water Works American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service a... AWK Profile

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