Weaker Buy Today WTS ranks #1138 as BUY CANDIDATE. Stronger Buy
Today WTS ranks #1138 as BUY CANDIDATE.

WTS stock Watts Water Technologies Inc

WTS stock
Watts Water Technologies Inc

February 15, 2019
Change 1.48%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will WTS stock price go up or down on Tue, 19 Feb 2019?

Watts Water Technologies Inc Forecast and Stock Analysis

Technical WTS stock analysis for February 15, 2019.

Buy candidate since 2019-02-12 Gain 1.33%
Shorts 5.82% ( 2019-01-31 )
Cash n/a
Loans n/a
Beta 1.22
ROA 7.53

Watts Water Technologies Inc gained 1.48% in the last trading day, rising from $79.59 to $80.77 The price has risen in 5 of the last 10 days and is up by 8.53% 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, 137 327 more shares were traded than the day before. In total, 137 327 shares bought and sold for approximately $11.09 million.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the WTS stock was $80.77. This is 1.48% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 1.31% from a day low at $80.12 to a day high of $81.17.

30 day high of the WTS stock price was $82.84 and low was $70.10.
90 day high was $82.84 and low was $61.17.
52 week high for the Watts Water Technologies Inc - $93.35 and low - $61.17.

Trend

Watts Water Technologies Inc lies in the upper part of a very wide and weak rising trend in the short term, and this will 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 $82.31 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 8.25% during the next 3 months and, with 90% probability hold a price between $70.78 and $89.10 at the end of this period.

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Signals

Only positive signals in the chart today. Watts Water Technologies Inc 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 $78.95 and $72.01. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday February 11, 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.

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Relative Strength Index (RSI)

RSI14 is 70 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $67.66 and $64.29.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Watts Water Technologies Inc finds support just below today's level at $67.66. If this is broken, then the next support from accumulated volume will be at $64.29 and $63.23.

Support: $67.66 Price: $80.77 Resistance: $81.79

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.05 between high and low, or 1.31%. For the last week, the stock has had a daily average volatility of 1.90%.

Our recommended stoploss: $76.51 (-5.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Weaker Buy Today WTS ranks #1138 as BUY CANDIDATE. Stronger Buy
Today WTS ranks #1138 as BUY CANDIDATE.