Stronger Sell Today WSO ranks #2471 as SELL CANDIDATE. Weaker Sell
Today WSO ranks #2471 as SELL CANDIDATE.

WSO stock Watsco Inc

WSO stock
Watsco Inc

March 22, 2019
Change -2.75%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will WSO stock price go up or down on Tue, 26 Mar 2019?

Watsco Inc Forecast and Stock Analysis

Technical WSO stock analysis for March 22, 2019.

Sell candidate since 2019-03-19 Loss -3.15%
Shorts 4.76% ( 2019-02-28 )
Cash n/a
Loans n/a
Beta 0.95
ROA 10.61

Watsco Inc fell by -2.75% in the last day from $141.12 to $137.24 and has now fallen 5 days in a row. The price has fallen in 7 of the last 10 days and is down by -2.27% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -286 596 shares and in total 538 569 shares bought and sold for approximately $73.91 million.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the WSO stock was $137.24. This is 2.75% less than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 3.21% from a day low at $136.70 to a day high of $141.09.

30 day high of the WSO stock price was $146.10 and low was $136.70.
90 day high was $153.49 and low was $131.88.
52 week high for the Watsco Inc - $192.94 and low - $131.88.

Trend

Watsco Inc has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $139.92 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.

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Signals

There are few to none technical positive signals at the moment. Watsco Inc 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 $140.76 and $144.07. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday March 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A buy signal from a double bottom formation was found on Friday March 15, 2019 and based on theory for this formation the price should go up by 2.92% to $142.95 within 4 trading days since signal was issued (Thursday March 21, 2019).

Relative Strength Index (RSI)

RSI14 is 39 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Watsco Inc finds support from accumulated volume at $137.15.

Support: $137.15 Price: $137.24 Resistance: $141.12

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 $4.39 (3.21%) between high and low. For the last week, the stock has had a daily average volatility of 2.42%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation: Sell Candidate

Watsco Inc holds several negative signals and is within a 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.

Stronger Sell Today WSO ranks #2471 as SELL CANDIDATE. Weaker Sell
Today WSO ranks #2471 as SELL CANDIDATE.