MWA Technical Analysis - MUELLER WATER PRODUCTS INC-A

Technical Rating and Analysis

Overall MWA gets a technical rating of 4 out of 10. MWA has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month MWA has a been trading in the 24.42 - 27.13 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

MWA has an average volume of 1193070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

When comparing the performance of all stocks over the past year, MWA turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.

MWA is an average performer in the Machinery industry, it outperforms 64% of 129 stocks in the same industry.

MWA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MWA is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MUELLER WATER PRODUCTS INC-A / MWA Weekly stock chart

MUELLER WATER PRODUCTS INC-A / MWA Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, MWA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 25.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.30, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

22.59

28.52

4 important support areas can be observed.

A support zone ranging from 25.00 to 25.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 24.20 to 24.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @23.64 from a horizontal line in the daily time frame.
A support zone ranging from 22.82 to 23.26. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 25.49 to 25.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 27.21 to 27.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 27.82 to 28.24. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for MWA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MWA is down.
ChartMill Relative Strength	65.76	NEUTRAL	MWA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MWA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of MWA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MWA is above the rising SMA(200).
Relative Strength Index/RSI (14)	47.36	NEUTRAL	The RSI value for MWA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests MWA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	39.07	NEUTRAL	The Stochastics value for MWA is a neutral value.
Average True Range in percent/ATR (20)	2.49	MEDIUM VOLATILITY	The ATR as a percentage value for MWA suggests some volalility.
Average Directional Index/ADX (14)	12.81	NEGATIVE	The low ADX value for MWA suggests a weak or negative trend.