Weaker Buy Today WAT ranks #267 as BUY CANDIDATE. Stronger Buy
Today WAT ranks #267 as BUY CANDIDATE.

WAT stock Waters Corporation

WAT stock
Waters Corporation

March 15, 2019
Change 1.02%
Chart period: 2018-12-17 - 2019-03-15
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will WAT stock price go up or down on Tue, 19 Mar 2019?

Waters Corporation Forecast and Stock Analysis

Technical WAT stock analysis for March 15, 2019.

Buy candidate since 2019-02-27 Gain 1.38%
Shorts 5.07% ( 2019-02-28 )
Cash n/a
Loans n/a
Beta 1.19
ROA 13.12

Waters Corporation gained 1.02% in the last trading day, rising from $242.49 to $244.97 , and has now gained 7 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. The price has risen in 7 of the last 10 days and is up by 0.07% 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, 0.77 million more shares were traded than the day before. In total, 1.31 million shares bought and sold for approximately $320.47 million.

Close price at the end of the last trading day (Friday, 15th Mar 2019) of the WAT stock was $244.97. This is 1.02% more than the trading day before Thursday, 14th Mar 2019.

During day the stock fluctuated 1.34% from a day low at $241.88 to a day high of $245.13.

30 day high of the WAT stock price was $246.43 and low was $231.49.
90 day high was $246.43 and low was $173.41.
52 week high for the Waters Corporation - $246.43 and low - $167.94.

Trend

Waters Corporation lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $238.26 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 38.07% during the next 3 months and, with 90% probability hold a price between $328.97 and $379.70 at the end of this period.

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Signals

Only positive signals in the chart today. Waters Corporation 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 $240.93 and $235.99. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 07, 2019, 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.

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Relative Strength Index (RSI)

RSI14 is 64 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $229.51 and $229.16.

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, Waters Corporation finds support just below today's level at $229.51. If this is broken, then the next support from accumulated volume will be at $229.16 and $223.71.

Support: $229.51 Price: $244.97

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $3.25 (1.34%) between high and low. For the last week, the stock has had a daily average volatility of 1.23%.

Since the Waters Corporation has been rising for 7 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $232.49 (-5.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Waters Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Weaker Buy Today WAT ranks #267 as BUY CANDIDATE. Stronger Buy
Today WAT ranks #267 as BUY CANDIDATE.