American Water Works Company Inc
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|It was the negative week for the American Water Works Company Inc (AWK). During the week, the AWK dropped -3.03 points, or -3.63%, and closed at 80.45 on Friday, May 18, 2018. It was the worst weekly loss since February 9, 2018. Weekly volume was -14% below average. |
Long-term trend: [See AWK long-term trend chart]
A long-term downtrend had started on December 11, 2017 at 92.37 and reached 76.04 on February 8, 2018. AWK lost 16.33 points, or 17.68%, in 8 weeks. The price is now at the 27.01% retracement level.
Medium-term trend: [See AWK medium-term trend chart]
A medium-term uptrend had started on February 8, 2018 at 76.04 and reached 87.19 on April 30, 2018. AWK gained -11.15 points, or -14.66%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (83.79) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AWK may retest the broken support line. It is considered to be a resistance line now. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 weekly MACD line is above its signal line since April 20, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 30, 2018 at 87.19 and reached 79.93 on May 18, 2018. AWK lost 7.26 points, or 8.33%, in 18 days. The price is now at the 7.16% retracement level.
Daily Technical Indicators: [See AWK daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since May 4, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.