Watsco Inc Stock Analysis
Technical stock analysis for 22 January 2019
|Shorts||3.22% ( 2018-12-31 )|
Watsco Inc fell by -0.99% in the last day from $145.83 to $144.38 The price has fallen in 6 of the last 10 days , but is still up by 1.06% over the past 2 weeks. Volume has increased in the last day by 34 495 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 192 370 shares bought and sold for approximately $27.77 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the WSO stock was $144.38. This is 0.99% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 2.23% from a day low at $143.88 to a day high of $147.09.
30 day high of the WSO stock price was $147.09 and low was $131.88.
90 day high was $161.42 and low was $131.88.
52 week high for the Watsco Inc - $192.94 and low - $131.88.
Watsco Inc 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 -6.14% during the next 3 months and, with 90% probability hold a price between $121.70 and $140.24 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Watsco Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $143.20 and $144.22. A break down below any of these levels will issue sell signals.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
Watsco Inc finds support from accumulated volume at $141.48.
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 $3.21 (2.23%) between high and low. For the last week, the stock has had a daily average volatility of 2.28%.
Our recommended stoploss: $139.39 (-3.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
Very Low Low Medium High Very High
Watsco Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|WSO $144.38 $-1.45(-0.99%)|
WSO is down $1.45 today, but where's it headed in 2019?
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