How the (WAT) price action is used to our Advantage

December 01, 2024, 16:36 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WAT

• Buy WAT near 382.43 target n/a stop loss @ 381.33. Details

The technical summary data tells us to buy WAT near 382.43, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 381.33 to protect against excessive loss in case the stock begins to move against the trade. 382.43 is the first level of support below 384.72, and by rule, any test of support is a buy signal. In this case, if support 382.43 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for WAT

• Buy WAT slightly over 392.2, target n/a, Stop Loss @ 391.07 Details

If 392.2 begins to break higher, the technical summary data tells us to buy WAT just slightly over 392.2, with an upside target of n/a. The data also tells us to set a stop loss @ 391.07 in case the stock turns against the trade. 392.2 is the first level of resistance above 384.72, and by rule, any break above resistance is a buy signal. In this case, 392.2, 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 WAT slightly near 392.2, target 382.43, Stop Loss @ 393.33. Details

The technical summary data is suggesting a short of WAT if it tests 392.2 with a downside target of 382.43. We should have a stop loss in place at 393.33 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, 392.2, 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 WAT

• Buy WAT slightly over 387.19, target 392.2, Stop Loss @ 386.29 Details

If 387.19 begins to break higher, the technical summary data tells us to buy WAT just slightly over 387.19, with an upside target of 392.2. The data also tells us to set a stop loss @ 386.29 in case the stock turns against the trade. 387.19 is the first level of resistance above 384.72, and by rule, any break above resistance is a buy signal. In this case, 387.19, 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 WAT slightly near 387.19, target 382.43, Stop Loss @ 388.09. Details

The technical summary data is suggesting a short of WAT if it tests 387.19 with a downside target of 382.43. We should have a stop loss in place at 388.09 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, 387.19, 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  Waters Corporation (WAT) available here: WAT.

WAT Ratings for December 01:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	314.94
P2	387.19	362.17	348.44
P3	395.67	392.2	382.43

AI Generated Signals for WAT

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Waters Corporation (NYSE: WAT) data table below can help you with price action, and we have more details too. Trading plans for WAT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.