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Uptrend Broken SupportArchive
- 1/3/2025 -
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American Water Works Company Inc (AWK) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the American Water Works Company Inc (AWK). During the week, the AWK dropped -1.50 points, or -1.20%, and closed at 123.80 on Friday, January 3, 2025. Weekly volume was -29% below average.
AWK is a member of Water Utilities Industry. Water Utilities is the tenth 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 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 (108.81) 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 122.70 on December 20, 2024. AWK lost 27.98 points, or 18.57%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (127.19) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See AWK weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 October 4, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 22, 2024 at 139.50 and reached 122.70 on December 20, 2024. AWK lost 16.80 points, or 12.04%, in 28 days. The price is now at the 6.55% retracement level.
 Daily Technical Indicators: [See AWK daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
The daily MACD line is below its signal line since December 3, 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.
A Parabolic SAR (stop and reversal) indicator (123.25) comes close to the price (123.80). It indicates that the trend is getting weaker. 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.
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