American Water Works Company, Inc. Stock Forecast

Stronger technical forecast for American Water Works Company, Inc. stock price after Thursday trading.
(Updated on May 16, 2024)

AWC.F Signals & Forecast

The American Water Works Company, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 123.65€. On a fall, the stock will find some support from the long-term average at approximately 114.28€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -1.80%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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

On the downside, the stock finds support just below today's level from accumulated volume at 111.65€ and 109.00€. 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 Company, Inc. finds support just below today's level at 111.65€. If this is broken, then the next support from accumulated volume will be at 109.00€ and 108.40€.

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 0.550€ between high and low, or 0.448%. For the last week the stock has had daily average volatility of 0.97%.

Our recommended stop-loss: 117.92€ (-3.94%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (AWC.F) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect American Water Works Company, Inc. to open at 122.93€, and during the day (based on 14 day Average True Range), to move between 121.14€ and 124.36€, which gives a possible trading interval of +/-1.61€ (+/-1.31%) up or down from last closing price. If American Water Works Company, Inc. takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 123.25€ (0.41%) than the support at 111.65€ (9.04%), 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 Company, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for American Water Works Company, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.429 Buy Candidate Upgraded

Predicted Opening Price for American Water Works Company, Inc. of Friday, May 17, 2024

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