When the Price of Watts Water Technologies $WTS Talks, People Listen

April 20, 2023, 19:45 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WTS

• Buy WTS slightly over 149.25 target 165.41 stop loss @ 148.82 Details

The technical summary data tells us to buy WTS near 149.25 with an upside target of 165.41. This data also tells us to set a stop loss @ 148.82 to protect against excessive loss in case the stock begins to move against the trade. 149.25 is the first level of support below 161.54 , and by rule, any test of support is a buy signal. In this case, support 149.25 is being tested, a buy signal would exist.

• Short WTS slightly under 165.41, target 149.25, stop loss @ 165.89 Details

The technical summary data is suggesting a short of WTS as it gets near 165.41 with a downside target of 149.25. We should have a stop loss in place at 165.89though. 165.41 is the first level of resistance above 161.54, and by rule, any test of resistance is a short signal. In this case, if resistance 165.41 is being tested, a short signal would exist.

Swing Trading Plans for WTS

• Buy WTS slightly over 163.48, target 165.41, Stop Loss @ 163.01 Details

If 163.48 begins to break higher, the technical summary data tells us to buy WTS just slightly over 163.48, with an upside target of 165.41. The data also tells us to set a stop loss @ 163.01 in case the stock turns against the trade. 163.48 is the first level of resistance above 161.54, and by rule, any break above resistance is a buy signal. In this case, 163.48, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WTS slightly near 163.48, target 159.41, Stop Loss @ 163.95. Details

The technical summary data is suggesting a short of WTS if it tests 163.48 with a downside target of 159.41. We should have a stop loss in place at 163.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 163.48, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for WTS

• Buy WTS slightly over 162.50, target 163.48, Stop Loss @ 162.12 Details

If 162.50 begins to break higher, the technical summary data tells us to buy WTS just slightly over 162.50, with an upside target of 163.48. The data also tells us to set a stop loss @ 162.12 in case the stock turns against the trade. 162.50 is the first level of resistance above 161.54, and by rule, any break above resistance is a buy signal. In this case, 162.50, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WTS slightly near 162.50, target 160.96, Stop Loss @ 162.88. Details

The technical summary data is suggesting a short of WTS if it tests 162.50 with a downside target of 160.96. We should have a stop loss in place at 162.88 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 162.50, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Watts Water Technologies (WTS) available here: WTS.

WTS Ratings for April 20:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	133.77
P2	160.96	159.41	149.25
P3	162.50	163.48	165.41

AI Generated Signals for WTS

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Watts Water Technologies (NYSE: WTS) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for WTS can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.