California Water Service's 15min chart shows KDJ Golden Cross, bullish Marubozu pattern.

According to California Water Service's 15-minute chart, a significant technical indicator has been triggered, signaling a bullish trend. Specifically, the KDJ Golden Cross and Bullish Marubozu formations at 08/14/2025 13:15 suggest that the momentum of the stock price is shifting towards the upside, potentially leading to further increases. With buyers firmly in control of the market, it is likely that bullish momentum will continue.

A significant technical indicator has been triggered in California Water Service's (CWT) 15-minute chart, signaling a bullish trend. Specifically, the KDJ Golden Cross and Bullish Marubozu formations at 08/14/2025 13:15 suggest that the momentum of the stock price is shifting towards the upside, potentially leading to further increases. With buyers firmly in control of the market, it is likely that bullish momentum will continue.

The KDJ Golden Cross is a technical indicator that occurs when the KDJ line crosses above the 50-day moving average, indicating a shift in momentum from bearish to bullish. This formation, coupled with the presence of a Bullish Marubozu candle, reinforces the notion that buyers are in control of the market. A Bullish Marubozu candle is characterized by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, indicating strong buying pressure throughout the session [1].

Additionally, California Water Service's recent earnings report provides further context. The company reported a 15% year-over-year non-GAAP EPS increase for the quarter compared to Q2 2024, despite volatility in reported earnings due to retroactive adjustments. This strong financial performance, combined with the bullish technical indicators, suggests that the current market trend is being driven by strong buying pressure [2].

The company's capital program also saw an increase of 7% quarter over quarter, with capital spending up 14.2% year-to-date. This investment activity is expected to continue into 2026 and 2027, aligning with the company's ongoing regulatory, environmental, and rate outcomes [2].

Furthermore, the company's liquidity position remains strong, with $50.5 million in unrestricted cash, $45.6 million in restricted cash, and $240 million in available bank credit. The company's recent credit rating has been reaffirmed as A+ stable by S&P Global, indicating a strong financial position [2].

In conclusion, the bullish signal on CWT's 15-minute chart, combined with the company's strong financial performance and investment activity, suggests that the current market trend is being driven by strong buying pressure. This indicates a high likelihood that the bullish momentum will continue.

References:
[1] https://m.economictimes.com/markets/stocks/news/these-5-stocks-with-white-marubozu-pattern-on-august-1/v-marc-india/slideshow/123087828.cms
[2] https://www.fool.com/earnings/call-transcripts/2025/08/04/cal-water-cwt-q2-2025-earnings-call-transcript/