StockCharts TV on $WAT (Nov 3, 2026)
Waters' pullbacks, including the current one to the 21-day EMA, have found support at the 50-day moving average; holding that 50-day level if it drops further this week or in coming weeks, with RSI staying above 40 during the pullback, keeps the trend bullish. An RSI below 40 would signal the trend has changed.
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The second chart in the health sector is Waters Corporation. This is a medical equipment manufacturer that has come to our attention; The names of Agident and others also come to mind, but Waters is quite good.
It has been retreating towards the 21-day upward exponential moving average on Friday and today, Monday. You will see several pullbacks in July and September, all of which found support at the 50-day moving average.
So, if the price drops further this week or in the coming weeks, holding the 50-day moving average is a pretty important level of initial support for me. Also, pay attention to momentum, okay?
So, as long as the momentum is in the bullish range, which usually means above 50 and certainly above 40, then it tells us that the RSI or momentum is generally in a strong position.
That's what we see here. If the RSI drops below 40, it will tell us that the situation may have changed. So, as long as the price holds the 50-day moving average, and as long as the RSI stays above 50, sorry, 40 during the pullback, I think this will essentially be considered a bullish trend.
But, if these things change, we need to understand that the trend is no longer the same.
These things will give me different indications, but for now I think Waters is a great example of a chart in the healthcare sector.