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Water Utilities Industry Stocks Technical Analysis - AWKArchive
- 9/8/2023 -
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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 the negative week for the American Water Works Company Inc (AWK). During the week, the AWK gave back -0.07 points, or -0.05%, and closed at 137.73 on Friday, September 8, 2023. Weekly volume was -13% below average.
AWK is a member of Utilities Sector. Utilities is the second most oversold 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 122.77 on October 13, 2022. AWK lost 66.88 points, or 35.26%, in 40 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See AWK medium-term trend chart]
A medium-term downtrend had started on April 12, 2023 at 153.43 and reached 135.03 on September 6, 2023. AWK lost 18.40 points, or 11.99%, in 21 weeks. The price is now at the 14.67% retracement level.
 Weekly Technical Indicators: [See AWK weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 August 4, 2023. 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 August 30, 2023 at 141.77 and reached 135.03 on September 6, 2023. AWK lost 6.74 points, or 4.75%, in 7 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 MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The distance between the Bollinger Bands is falling, and it was 4.41% on Friday. It is 55.28% lower than one year average. It indicates the period of low volatility of the stock price. 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.
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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 |
2 |
| Industry |
Water Utilities |
12 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
141.77 |
| High Date |
08/30/2023 |
| Low |
135.03 |
| Low Date |
09/06/2023 |
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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 |
150.02 |
| High Date |
06/16/2023 |
| Low |
135.03 |
| Low Date |
09/06/2023 |
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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 |
153.43 |
| High Date |
04/12/2023 |
| Low |
135.03 |
| Low Date |
09/06/2023 |
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| Quarterly 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 |
162.59 |
| High Date |
02/02/2023 |
| Low |
132.88 |
| Low Date |
03/10/2023 |
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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 |
189.65 |
| High Date |
12/31/2021 |
| Low |
122.77 |
| Low Date |
10/13/2022 |
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