Weaker Buy Today WAT ranks #1418 as BUY CANDIDATE #1418 Stronger Buy

WAT stock forecast Waters Corporation

WAT stock forecast

Tuesday December 10, 2019 Change 0.57% Price $227.93
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

WAT Forecast and Technical Stock Analysis


Buy candidate since 2019-12-06 Gain 0.72% PDF

Waters Corporation gained 0.57% in the last trading day ( Tuesday, 10th Dec 2019 ), rising from $226.63 to $227.93 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.12% from a day low at $226.07 to a day high of $228.60. The price has risen in 7 of the last 10 days and is up by 3.02% over the past 2 weeks. Volume fell in the last day by -18 108 shares and in total, 330 318 shares bought and sold for approximately $75.29 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the WAT stock price was $228.60 and low was $207.68.
  • 90 day high was $237.51 and low was $204.58.
  • 52 week high for Waters Corporation - $255.21 and low - $173.41.
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Trend

Waters Corporation has broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $222.55, a level that may pose a second chance to hit a runner. According to fan-theory $241.35 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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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 $224.85 and $217.91. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday November 11, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 69 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 $214.47 and $214.29.

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 $214.47. If this is broken, then the next support from accumulated volume will be at $214.29 and $208.01.

Support: $214.47 Price: $227.93 Resistance: $228.70

Risk

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 $2.53 (1.12%) between high and low. For the last week, the stock has had daily average volatility of 1.61%.

Our recommended stop-loss: $215.68 (-5.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 20 days ago.)

1.61 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Weaker Buy Today WAT ranks #1418 as BUY CANDIDATE #1418 Stronger Buy
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