ZURN ELKAY WATER SOLUTIONS C (ZWS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ZWS - US98983L1089 - Common Stock
Taking everything into account, ZWS scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ZWS is only an average performer.
ZWS has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 47.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.23, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
28.79
We found 4 important support areas.
- A support zone ranging from 45.57 to 47.23. This zone is formed by a combination of multiple trend lines and important moving averages 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.
- Support @29.08 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.71 to 48.15. 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 | NEUTRAL | NEUTRAL | The short term trend for ZWS is neutral. |
| ChartMill Relative Strength | 77.69 | POSITIVE | ZWS has a high relative strength, it outperformed 77.69% 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) | 54.01 | NEUTRAL | The RSI value for ZWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ZWS has a positive trend. |
| Stochastics (14,3) | 49.3 | NEUTRAL | The Stochastics value for ZWS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for ZWS suggests some volalility. |
| Average Directional Index/ADX (14) | 15.06 | NEGATIVE | The low ADX value for ZWS suggests a weak or negative 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 |
|---|---|---|---|
| 48.16 | 45.86 | 2.30 (4.78%) | 20.94% |
| An entry @48.16. This is a Buy Stop order right above the resistance zone. | An exit @45.86. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.30 points, which is 4.78%. | For a 1.00% total portfolio risk, you can invest 20.94% of your capital in this trade. |
- 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.
47.5
+0.14 (+0.3%)
ZURN ELKAY WATER SOLUTIONS C / ZWS FAQ
What is the technical rating for ZWS stock?
ChartMill assigns a technical rating of 6 / 10 to ZWS.
Can you provide the trend direction for ZURN ELKAY WATER SOLUTIONS C?
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 54.0127. This indicates that the stock is currently neutral.
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 neutral.
What are the support and resistance levels for ZURN ELKAY WATER SOLUTIONS C (ZWS) stock?
ZURN ELKAY WATER SOLUTIONS C (ZWS) has a support level at 47.23 and a resistance level at 47.71. Check the full technical report for our detailed analysis of ZWS support and resistance levels.