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Water Utilities Industry Stocks Technical Analysis - AWKArchive
- 11/8/2024 -
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American Water Works Company Inc (AWK) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the American Water Works Company Inc (AWK). During the week, the AWK climbed 0.10 points, or 0.07%, and closed at 136.10 on Friday, November 8, 2024. Weekly volume was 24% above average.
AWK is a member of Utilities Sector. Utilities is the second most overbought sector. 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 113.34 on April 16, 2024. AWK lost 76.31 points, or 40.24%, in 119 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (109.74) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See AWK medium-term trend chart]
A medium-term downtrend had started on September 17, 2024 at 150.68 and reached 131.50 on November 6, 2024. AWK lost 19.18 points, or 12.73%, in 7 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See AWK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 4, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See AWK short-term trend chart]
A short-term downtrend had started on October 24, 2024 at 142.97 and reached 131.50 on November 6, 2024. AWK lost 11.47 points, or 8.02%, in 13 days. Price is near the Fibonacci 38.2% retracement level.
Daily Technical Indicators: [See AWK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since October 24, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Utilities |
8 |
| Industry |
Water Utilities |
13 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
131.50 |
| Low Date |
11/06/2024 |
| High |
136.30 |
| High Date |
11/08/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
142.97 |
| High Date |
10/24/2024 |
| Low |
131.50 |
| Low Date |
11/06/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
150.68 |
| High Date |
09/17/2024 |
| Low |
131.50 |
| Low Date |
11/06/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
113.34 |
| Low Date |
04/16/2024 |
| High |
150.68 |
| High Date |
09/17/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
118.48 |
| Support |
109.74 |
| High |
189.65 |
| High Date |
12/31/2021 |
| Low |
113.34 |
| Low Date |
04/16/2024 |
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