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Archive
- 11/22/2024 -
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Waters Corporation (WAT) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Waters Corporation (WAT). During the week, the WAT gained 15.00 points, or 4.18%, and closed at 373.50 on Friday, November 22, 2024. Weekly volume was 28% above average.
WAT is a member of Health Care Sector. Health Care is the 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 WAT long-term trend chart]
A long-term downtrend had started on September 8, 2021 at 428.22 and reached 231.90 on October 25, 2023. WAT lost 196.32 points, or 45.85%, in 111 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (196.50) 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 WAT medium-term trend chart]
A medium-term uptrend had started on July 9, 2024 at 279.24 and reached 393.40 on November 6, 2024. WAT gained -114.16 points, or -40.88%, in 17 weeks. The price is now at the 17.43% retracement level.
 Weekly Technical Indicators: [See WAT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since August 2, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See WAT short-term trend chart]
A short-term downtrend had started on November 6, 2024 at 393.40 and reached 340.60 on November 20, 2024. WAT lost 52.80 points, or 13.42%, in 14 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See WAT 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.
A Parabolic SAR (stop and reversal) indicator (374.57) comes close to the price (373.50). 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.
During the last week, the price has moved above 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.
 Candlestick pattern: [See WAT candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.
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