ZURN ELKAY WATER SOLUTIONS C (ZWS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ZWS - US98983L1089 - Common Stock
Overall ZWS gets a technical rating of 7 out of 10. 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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, ZWS did better than 73% of all other stocks.
- ZWS is one of the better performing stocks in the Building Products industry, it outperforms 85% of 42 stocks in the same industry.
- 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 44.91 - 48.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ZWS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 47.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.98, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ZWS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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4 important support areas can be observed.
- A support zone ranging from 45.99 to 46.98. 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.
We found 1 important resistance area.
- A resistance zone ranging from 47.85 to 48.18. 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 | 73.5 | POSITIVE | ZWS has a high relative strength, it outperformed 73.5% 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) | 54.97 | NEUTRAL | The RSI value for ZWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ZWS has a positive trend. |
| Stochastics (14,3) | 64.78 | NEUTRAL | The Stochastics value for ZWS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for ZWS suggests low volalility. |
| Average Directional Index/ADX (14) | 16.3 | 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 |
|---|---|---|---|
| 48.19 | 45.98 | 2.21 (4.59%) | 21.81% |
| An entry @48.19. This is a Buy Stop order right above the resistance zone. | An exit @45.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.21 points, which is 4.59%. | When investing 21.81% 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.
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ZURN ELKAY WATER SOLUTIONS C / ZWS FAQ
What is the technical rating for ZWS stock?
ChartMill assigns a technical rating of 7 / 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 54.9682. 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 0.0374408, 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 neutral.