Waters Technical Analysis (NYSE:WAT)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future Waters stock price movements is formed, the WAT stock chart can become a key tool for a technical analyst.
See Waters bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Waters stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Waters Moving Average:
WAT stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Waters chart patterns after the calculations remain the same. The 100 day moving average of 175.78 is below the last closing price of 182.84. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $177.52 is below the price of $182.84.
Waters Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Waters. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Waters bollinger bands show that the stock price is $182.84, upper band is 61.38, lower band is 59.21, and the average is 60.3.
Waters Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Waters MACD line is above the signal line.
Waters Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of WAT stock is 67.72. .