Willis Towers Watson Forecast and Stock Analysis
Technical WLTW stock analysis for March 15, 2019.
Willis Towers Watson gained 0.81% in the last trading day, rising from $172.25 to $173.65 , 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. The price has risen in 7 of the last 10 days and is up by 0.63% 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, 334 536 more shares were traded than the day before. In total, 814 115 shares bought and sold for approximately $141.37 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the WLTW stock was $173.65. This is 0.81% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 1.67% from a day low at $171.18 to a day high of $174.03.
30 day high of the WLTW stock price was $187.91 and low was $166.13.
90 day high was $187.91 and low was $144.13.
52 week high for the Willis Towers Watson - $187.91 and low - $134.50.
Willis Towers Watson lies in the lower part of a 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 $170.66 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 18.88% during the next 3 months and, with 90% probability hold a price between $202.88 and $221.09 at the end of this period.
Only positive signals in the chart today. Willis Towers Watson 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 $171.18 and $168.84. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday March 08, 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.
Relative Strength Index (RSI)
RSI14 is 54 and the stock is currently not being overbought or oversold
Support & Resistance
Willis Towers Watson finds support from accumulated volume at $170.88.
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 $2.85 (1.67%) between high and low. For the last week, the stock has had a daily average volatility of 1.11%.
Since the Willis Towers Watson 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 stoploss: $164.42 (-5.31%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
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Evaluation: Strong Buy Candidate
Willis Towers Watson 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.