Essential Utilities Inc. Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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Red day on Wednesday for Essential Utilities Inc. stock after losing 1.28%
(Updated on Nov 13, 2024)
Buy or Hold candidate since Nov 08, 2024
Loss -2.90%
The Essential Utilities Inc. stock price fell by -1.28% on the last day (Wednesday, 13th Nov 2024) from $39.03 to $38.53. During the last trading day the stock fluctuated 2.21% from a day low at $38.42 to a day high of $39.27. The price has been going up and down for this period, and there has been a -0.54% loss for the last 2 weeks. Volume has increased on the last day by 192 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, 978 thousand shares were bought and sold for approximately $37.70 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $38.10 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Essential Utilities Inc. stock with a 90% probability to be traded between $38.31 and $40.83 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.
WTRG Signals & Forecast
There are few to no technical positive signals at the moment. The Essential Utilities Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $39.52 and $39.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 06, 2024, and so far it has fallen -4.51%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Essential Utilities Inc. stock
Essential Utilities Inc. finds support from accumulated volume at $38.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.85 (2.21%) between high and low. For the last week, the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: $36.81 (-4.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (WTRG) For The Upcoming Trading Day Of Thursday 14th
For the upcoming trading day on Thursday, 14th we expect Essential Utilities Inc. to open at $38.74, and during the day (based on 14 day Average True Range), to move between $37.71 and $39.35, which gives a possible trading interval of +/-$0.82 (+/-2.14%) up or down from last closing price. If Essential Utilities Inc. takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.74 (0.55%) than the support at $38.32 (0.55%), 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 Essential Utilities Inc. stock A Buy?
Essential Utilities Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.801 Hold/Accumulate Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on November 14, 2024 - $38.74 ( 0.545%).Trading levels for WTRG
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 39.59 | 2.75% |
R2 | 39.27 | 1.91% |
R1 | 39.06 | 1.39% |
Price | 38.53 | |
S1 | 38.42 | -0.298% |
S2 | 38.21 | -0.82% |
S3 | 37.89 | -1.66% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 39.47 | 2.44% |
R2 | 39.11 | 1.51% |
R1 | 38.74 | 0.545% |
Price | 38.53 | |
S1 | 38.32 | -0.545% |
S2 | 38.29 | -0.623% |
S3 | 38.00 | -1.38% |
WTRG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 30, 2024 | Nov 12, 2024 | Dec 02, 2024 | $0.326 | 0.83% |
2 | Aug 12, 2024 | Aug 12, 2024 | Sep 03, 2024 | $0.326 | 0.83% |
3 | Feb 22, 2024 | May 09, 2024 | Jun 01, 2024 | $0.307 | 0.81% |
4 | Dec 12, 2023 | Feb 08, 2024 | Mar 01, 2024 | $0.307 | 0.88% |
5 | Oct 25, 2023 | Nov 09, 2023 | Dec 01, 2023 | $0.310 | 0.86% |
FAQ
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