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Advanced TA SearchArchive
- 4/5/2024 -
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American Water Works Company Inc (AWK) Technical Analysis
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| Summary:
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| | It was the negative week for the American Water Works Company Inc (AWK). During the week, the AWK dropped -3.69 points, or -3.02%, and closed at 118.52 on Friday, April 5, 2024. It was the worst weekly loss since February 23, 2024. AWK was trading at average weekly trading volume.
AWK is a member of Water Utilities Industry. Water Utilities is the fourth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See AWK long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 189.65 and reached 114.25 on October 23, 2023. AWK lost 75.40 points, or 39.76%, in 94 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 109.05 and resistance is at 129.05. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
 Medium-term trend: [See AWK medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 137.43 and reached 116.38 on March 18, 2024. AWK lost 21.05 points, or 15.32%, in 13 weeks. The price is now at the 10.17% retracement level.
 Weekly Technical Indicators: [See AWK weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 2, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See AWK short-term trend chart]
A short-term uptrend had started on March 18, 2024 at 116.38 and reached 122.50 on April 1, 2024. AWK gained -6.12 points, or -5.26%, in 14 days. The price is now at the 65.03% retracement level.
 Daily Technical Indicators: [See AWK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since February 29, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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