The Hourly View for WTRG
At the time of this writing, WTRG (Get Ratings)’s price is down $-0.05 (-0.1%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
WTRG’s Technical Outlook on the Daily Chart
At the moment, WTRG’s price is up $0.16 (0.34%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as WTRG has now gone up 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. Of note is that the 50 day changed directions on WTRG; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Essential Utilities Inc’s price action over the past 90 days can be seen via the chart below.
Want More Great Investing Ideas?