Waters Corporation Stock Forecast

Waters Corporation stock price ended at 289.08zł on Wednesday, after gaining 0.724%.
(Updated on Jun 26, 2024)

0LTI.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.724%. Further rise is indicated until a new top pivot has been found. 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 Waters Corporation 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 290.99zł and 319.74zł. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, September 18, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Waters Corporation stock

Waters Corporation finds support from accumulated volume at 287.00zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 5.78zł between high and low, or 2.04%. For the last week the stock has had daily average volatility of 1.11%.

Waters Corporation is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (0LTI.L) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Waters Corporation to open at 287.32zł, and during the day (based on 14 day Average True Range), to move between 283.40zł and 294.76zł, which gives a possible trading interval of +/-5.68zł (+/-1.97%) up or down from last closing price. If Waters Corporation takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 287.00zł (0.72%) than the resistance at 298.04zł (3.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Waters Corporation stock A Buy?

Waters Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.176 Sell Candidate Unchanged

Predicted Opening Price for Waters Corporation of Thursday, June 27, 2024

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