Waters Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Waters Corporation stock price after Friday trading.
(Updated on May 03, 2024)
The Waters Corporation stock price gained 1.80% on the last trading day (Friday, 3rd May 2024), rising from $315.58 to $321.25. During the last trading day the stock fluctuated 2.64% from a day low at $319.10 to a day high of $327.51. The price has risen in 6 of the last 10 days and is up by 8.49% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 66 thousand more shares were traded than the day before. In total, 487 thousand shares were bought and sold for approximately $156.41 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.86% during the next 3 months and, with a 90% probability hold a price between $276.92 and $332.50 at the end of this 3-month period.
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WAT Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 9.18%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Waters Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $328.34. On a fall, the stock will find some support from the short-term average at $313.79. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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.
Golden Star 12 Months
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 $313.30 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $8.41 between high and low, or 2.64%. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: $307.35 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (WAT) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Waters Corporation to open at $322.62, and during the day (based on 14 day Average True Range), to move between $312.17 and $330.33, which gives a possible trading interval of +/-$9.08 (+/-2.83%) up or down from last closing price. If Waters Corporation takes out the full calculated possible swing range there will be an estimated 5.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $324.85 (1.12%) than the support at $313.30 (2.47%), 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.
Earnings coming up
Waters Corporation will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.10. We will update the financials statements for Waters Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.35% in the first trading day after earnings release.
Is Waters Corporation stock A Buy?
Waters Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.350 Hold/Accumulate Upgraded
Predicted Opening Price for Waters Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $322.62 ( 0.426%) | $321.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WAT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 331.03 | 3.05 % | |
| R2 | 327.82 | 2.04 % | ||
| R1 | 325.83 | 1.43 % | ||
| Current price: | 321.25 | |||
| Support | S1 | 319.40 | -0.575 % | |
| S2 | 317.42 | -1.19 % | ||
| S3 | 314.20 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 352.90 | 9.85 % | |
| R2 | 330.38 | 2.84 % | ||
| R1 | 324.85 | 1.12 % | ||
| Current price | 321.25 | |||
| Support | S1 | 313.30 | -2.47% | |
| S2 | 304.18 | -5.31% | ||
| S3 | 294.23 | -8.41% |
WAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 26, 1996 | Nov 26, 1996 | Nov 26, 1996 | $0.0400 | 0.593% |
FAQ
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