ZURN ELKAY WATER SOLUTIONS C (ZWS) Stock Technical Analysis
NYSE:ZWS • US98983L1089
We assign a technical rating of 10 out of 10 to ZWS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZWS is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ZWS did better than 82% of all other stocks. We also observe that the gains produced by ZWS over the past year are nicely spread over this period.
- ZWS is part of the Building Products industry. There are 42 other stocks in this industry. ZWS outperforms 82% of them.
- ZWS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ZWS is lagging the market slightly.
- In the last month ZWS has a been trading in the 45.43 - 53.17 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.
Besides having an excellent technical rating, ZWS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 50.95, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
29.41
When analyzing the support we can see 5 important areas.
- A support zone ranging from 50.57 to 50.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 47.42 to 48.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.58 to 45.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 44.42 to 44.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @29.71 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 52.79 to 52.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ZWS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZWS is up. |
| ChartMill Relative Strength | 82.31 | POSITIVE | ZWS has a high relative strength, it outperformed 82.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZWS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZWS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZWS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.14 | NEUTRAL | The RSI value for ZWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests ZWS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.44 | NEUTRAL | The Stochastics value for ZWS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for ZWS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.56 | NEUTRAL | The ADX value for ZWS suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 52.80 | 50.56 | 2.24 (4.24%) | 23.57% |
| An entry @52.80. This is a Buy Stop order right above the resistance zone. | An exit @50.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.24 points, which is 4.24%. | When investing 23.57% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
50.98
+0.02 (+0.04%)
ZURN ELKAY WATER SOLUTIONS C / ZWS FAQ
What is the technical rating for ZWS stock?
ChartMill assigns a technical rating of 10 / 10 to ZWS.
What is the trend direction for ZWS stock?
The current trend direction for ZURN ELKAY WATER SOLUTIONS C (ZWS) is Bullish.
Can you provide the RSI signal for ZURN ELKAY WATER SOLUTIONS C?
ZURN ELKAY WATER SOLUTIONS C (ZWS) has an RSI value of 59.1365. This indicates that the stock is currently neutral.
What is the MACD signal for ZURN ELKAY WATER SOLUTIONS C (ZWS) stock?
The MACD indicator for ZURN ELKAY WATER SOLUTIONS C (ZWS) has a value of -0.15038, indicating a bearish trend.
Can you provide the short term momentum for ZURN ELKAY WATER SOLUTIONS C?
The short term momentum for ZURN ELKAY WATER SOLUTIONS C (ZWS) is positive.