The Greedy Trader Weekly Analysis
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Daily Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/3/2024 -
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American Water Works Company Inc (AWK) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBearish Deliberation CandlestickThe price is above the upper Bollinger Band20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the American Water Works Company Inc (AWK). During the week, the AWK gained 7.97 points, or 6.60%, and closed at 128.75 on Friday, May 3, 2024. Weekly volume was 81% above average.

AWK is a member of Utilities Sector. Utilities is the most overbought 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 113.34 on April 16, 2024. AWK lost 76.31 points, or 40.24%, in 119 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (108.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AWK may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See AWK medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 137.43 and reached 113.34 on April 16, 2024. AWK lost 24.09 points, or 17.53%, in 17 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (111.36) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AWK may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See AWK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since April 19, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See AWK short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 113.34 and reached 128.85 on May 3, 2024. AWK gained -15.51 points, or -13.68%, in 17 days. Price is near the trend high.

Daily Technical Indicators: [See AWK daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since April 19, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Candlestick pattern: [See AWK candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.27
Overbought
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 95.11
Strong Overbought
Greed/Fear Indicator (GFI) 90.91
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.74
Williams' Percentage Range (W%R) 39.90
Lane's Stochastic (%D-Slow) 51.99
Greed/Fear Indicator (GFI) 55.49
Moving Average Converg./Diverg. (MACD) -3.80
Trading Signals
Description Value Chart
Price 128.75
Upper Bollinger Band 128.62
Daily Stochastic Crossing 128.28
Yearly Trendline Resistance 126.90
Parabolic System 123.30
Weekly Stochastic Crossing 122.20
20 Day Moving Average 120.14
50 Day Moving Average 119.46
Monthly Trendline Resistance 117.52
Lower Bollinger Band 114.16
Monthly Trendline Support 111.36
Yearly Trendline Support 108.20
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Water Utilities 76
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 113.34
Low Date 04/16/2024
High 128.85
High Date 05/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 113.34
Low Date 04/16/2024
High 128.85
High Date 05/03/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 117.52
Support 111.36
High 137.43
High Date 12/14/2023
Low 113.34
Low Date 04/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 162.59
High Date 02/02/2023
Low 113.34
Low Date 04/16/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 126.90
Support 108.20
High 189.65
High Date 12/31/2021
Low 113.34
Low Date 04/16/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.