American Water Works Company Inc (AWK)
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|It was a first positive week for the American Water Works Company Inc (AWK). During the week, the AWK gained 2.01 points, or 1.42%, and closed at 143.46 on Friday, May 26, 2023. AWK was trading at average weekly trading volume. |
Long-term trend: [See AWK long-term trend chart]
A long-term uptrend had started on May 25, 2010 at 19.41 and reached 189.65 on December 31, 2021. AWK gained -170.24 points, or -877.07%, in 605 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 129.31 and resistance is at 216.35. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See AWK medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 122.77 and reached 162.59 on February 2, 2023. AWK gained -39.82 points, or -32.43%, in 16 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 138.29 and resistance is at 147.19. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
Weekly Technical Indicators: [See AWK weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 April 12, 2023 at 153.43 and reached 140.49 on May 18, 2023. AWK lost 12.94 points, or 8.43%, in 36 days. The chart has formed a Broadening Descending Wedge chart pattern.
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 April 25, 2023. 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.
During the last week, the 20 Day Moving Average 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.