Waters Corporation Forecast and Stock Analysis
Technical WAT stock analysis for Wednesday May 22, 2019.
|Shorts||6.74% ( 2019-04-15 )|
|Price to book||USD 14.80|
|Next Earnings Date||2019-07-25|
Waters Corporation gained 0.53% in the last trading day ( Wednesday, 22nd May 2019 ), rising from $206.15 to $207.24 During day the stock fluctuated 2.01% from a day low at $204.28 to a day high of $208.39. The price has risen in 6 of the last 10 days , but is still down by -2.96% for this period. Volume fell in the last day by -181 553 shares, and in total, 441 140 shares bought and sold for approximately $91.42 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.
- 30 day high of the WAT stock price was $243.20 and low was $199.31.
- 90 day high was $255.21 and low was $199.31.
- 52 week high for the Waters Corporation - $255.21 and low - $167.94.
Waters Corporation lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.37% during the next 3 months and, with 90% probability hold a price between $163.96 and $196.14 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday May 21, 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 may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Waters Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $208.42 and $225.11. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 36 and the stock is currently not being overbought or oversold
Support & Resistance
Waters Corporation finds support from accumulated volume at $206.15.
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 $4.11 (2.01%) between high and low. For the last week, the stock has had a daily average volatility of 1.82%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.82 %Average volatility
Very Low Low Medium High Very High
Waters Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
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|WAT $207.24 ($1.09 0.53%)|
WAT is up $1.09 today, but where's it headed in 2019?
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