|
|
Uptrend ExhaustionArchive
- 4/26/2024 -
Sign In to see current Signals. |
Waters Corporation (WAT) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week after 6 consecutive negative weeks for the Waters Corporation (WAT). During the week, the WAT gained 15.20 points, or 5.13%, and closed at 311.30 on Friday, April 26, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was -14% below average.
WAT is a member of Health Care Sector. Health Care 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 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 (215.50) 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 October 25, 2023 at 231.90 and reached 363.80 on March 8, 2024. WAT gained -131.90 points, or -56.88%, in 19 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (381.06) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 Weekly Technical Indicators: [See WAT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. Use the following link to access a MACD help.
 Short-term trend: [See WAT short-term trend chart]
A short-term uptrend had started on April 18, 2024 at 288.94 and reached 316.06 on April 24, 2024. WAT gained -27.12 points, or -9.39%, in 6 days. The price is now at the 17.55% retracement level.
Daily Technical Indicators: [See WAT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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 March 14, 2024. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (311.82) comes close to the price (311.30). 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.
| |
|
|