Consolidated Water Co hasn't moved too much today but is slightly up, only up 0.20% since yesterday. It looks like CWCO may be interacting with a downward sloping resistance line. This may be an opportunity to short sell. In addition to being near an angled resistance line CWCO is near a moderate horizontal resistance line. These areas typically mark where sellers have previously been at or buyers don't think the asset is worth more than this price.
A resistance line like this could mark a reversal point. Or a good time to sell. Of course, if it breaks through the line there may be a burst of buying on the other side that pushes the price up. Consolidated Water Co hasn't looked that great recently. We may get more sellers coming in on supply zones, but maybe the buyers finally think it's a good deal, I guess we'll see.
If the price breaks through the resistance level it will probably move up to the $32.54 where it may meet further resistance. If the price reverses and heads back down lower, it looks like the nearest support level is $24.65 it may head back up from there or break lower.
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Utilities - Regulated | 60 | 0.157167 | 0.499 | 0.2405 | -0.040167 | 4.2685 | 13.5715 | 57.4 | 3.04333 | 7.55283 | 12.6865 | -4006 | -11336.4 | 0 | 3.3333 | 3.18776 | 0.110167 |
| Utilities | 69 | 0.246232 | 1.45826 | 1.07565 | 3.35898 | 6.10783 | 16.9667 | 55.8406 | 5.46449 | 9.04217 | 15.4117 | -3982.21 | -11550.6 | 0 | 7.6087 | 3.40083 | 0.133043 |
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