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WAT Forecast and Technical Stock Analysis
Buy candidate since 2020-01-09 Gain 6.50% PDF
Waters Corporation gained 1.70% in the last trading day ( Tuesday, 21st Jan 2020 ), rising from $239.60 to $243.67 , and has now gained 6 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 2.75% from a day low at $238.80 to a day high of $245.36. The price has risen in 8 of the last 10 days and is up by 6.46% 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, 254 234 more shares were traded than the day before. In total, 727 186 shares bought and sold for approximately $177.19 million.
- 30 day high of the WAT stock price was $245.36 and low was $217.57.
- 90 day high was $245.36 and low was $204.58.
- 52 week high for Waters Corporation - $255.21 and low - $199.11.
Waters Corporation lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $244.72 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 12.06% during the next 3 months and, with 90% probability hold a price between $257.52 and $274.24 at the end of this period.
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 $235.29 and $231.01. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 08, 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 64 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
Waters Corporation finds support from accumulated volume at $233.28.
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 $6.56 (2.75%) between high and low. For the last week, the stock has had daily average volatility of 2.08%.
Since the Waters Corporation has been rising for 6 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 stop-loss: $233.83 (-4.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 8 days ago.)
2.08 %Average volatility
Very Low Low Medium High Very High
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.
|WAT $243.67 ($4.07 1.70%)|
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