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Archive
- 4/19/2024 -
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Waters Corporation (WAT) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Waters Corporation (WAT). During the week, the WAT dropped -26.56 points, or -8.23%, and closed at 296.10 on Friday, April 19, 2024. WAT was trading at average weekly trading volume.
 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 (216.15) 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 (375.15) 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. WAT 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 WAT 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 WAT short-term trend chart]
A short-term downtrend had started on April 9, 2024 at 346.54 and reached 288.94 on April 18, 2024. WAT lost 57.60 points, or 16.62%, in 9 days. The price is now at the 12.43% retracement level.
 Daily Technical Indicators: [See WAT daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily 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 below its signal line since March 14, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
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.
 Candlestick pattern: [See WAT candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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