ZURN ELKAY WATER SOLUTIONS C (ZWS) Technical Analysis
NYSE:ZWS • US98983L1089
Current stock price
ZWS Technical Rating and Analysis
Taking everything into account, ZWS scores 10 out of 10 in our technical rating. 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 84% of all other stocks. On top of that, ZWS also shows a nice and consistent pattern of rising prices.
- ZWS is one of the better performing stocks in the Building Products industry, it outperforms 90% of 41 stocks in the same industry.
- ZWS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ZWS has a been trading in the 43.58 - 53.70 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- ZWS has an average volume of 1060410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ZWS Weekly and Daily overview Charts
ZWS Setup Rating and Analysis
Although ZWS has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ZWS Support and Resistance Analysis
28.79
We found 5 important support areas.
- A support zone ranging from 47.56 to 47.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.26 to 46.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.42 from a horizontal line 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 52.79 to 52.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
ZWS 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 ZWS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZWS is up. |
| ChartMill Relative Strength | 84.85 | POSITIVE | ZWS has a high relative strength, it outperformed 84.85% 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) | 68.82 | NEUTRAL | The RSI value for ZWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests ZWS has a positive trend. |
| Stochastics (14,3) | 91.77 | OVERBOUGHT | The high Stochastics value suggests ZWS may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for ZWS suggests some volalility. |
| Average Directional Index/ADX (14) | 25.73 | POSITIVE | The high ADX value value for ZWS suggests a strong trend. |
ZWS Chart- and CandleStick Pattern Analysis
ZWS Technicals: Chart, Performance Metrics, Trend & Indicators
52.47
-0.29 (-0.55%)
ZURN ELKAY WATER SOLUTIONS C / ZWS TA 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.
What is the RSI signal for ZWS stock?
ZURN ELKAY WATER SOLUTIONS C (ZWS) has an RSI value of 68.8234. This indicates that the stock is currently neutral.
What is the short term momentum for ZWS stock?
The short term momentum for ZURN ELKAY WATER SOLUTIONS C (ZWS) is positive.
Can you provide the support and resistance levels for ZURN ELKAY WATER SOLUTIONS C?
ZURN ELKAY WATER SOLUTIONS C (ZWS) has a support level at 47.94 and a resistance level at 52.79. Check the full technical report for our detailed analysis of ZWS support and resistance levels.