AWK Forecast and Technical Stock Analysis
Hold candidate since 2020-01-15 Gain 2.81% PDF
American Water Works gained 1.45% in the last trading day ( Friday, 17th Jan 2020 ), rising from $128.57 to $130.44 , and has now gained 9 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 1.38% from a day low at $128.81 to a day high of $130.59. The price has risen in 8 of the last 10 days and is up by 7.82% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.35 million more shares were traded than the day before. In total, 1.34 million shares bought and sold for approximately $174.59 million.
- 30 day high of the AWK stock price was $130.59 and low was $119.23.
- 90 day high was $130.59 and low was $114.96.
- 52 week high for American Water Works - $130.59 and low - $92.06.
American Water Works has broken the weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $126.66, a level that may pose a second chance to hit a runner. According to fan-theory $135.06 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
American Water Works holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $125.56 and $122.23. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday January 07, 2020, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
* 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 75 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $122.72 and $120.90.
There is 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 $122.72. If this is broken, then the next support from accumulated volume will be at $120.90 and $120.20.
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 $1.78 (1.38%) between high and low. For the last week, the stock has had daily average volatility of 1.30%.
Since the American Water Works has been rising for 9 days in a row, the risk for the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $125.60 (-3.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 8 days ago.)
1.30 %Average volatility
Very Low Low Medium High Very High
American Water Works 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 hold candidate (hold or accumulate) in this position whilst awaiting further development.
|AWK $130.44 ($1.87 1.45%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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