ZURN ELKAY WATER SOLUTIONS C (ZWS) Stock Technical Analysis
USA - NYSE:ZWS - US98983L1089 - Common Stock
47.22 USD
-0.07 (-0.15%)
47.22 USD
0 (0%)
We assign a technical rating of 10 out of 10 to ZWS. Both in the recent history as in the last year, ZWS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ZWS is one of the better performing stocks in the market, outperforming 84% of all stocks.
ZWS is part of the Building Products industry. There are 41 other stocks in this industry. ZWS outperforms 95% of them.
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 45.27 - 48.42 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.
ZWS has an average volume of 1128800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
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 resistance zone just above the current price starting at 47.30. Right above this resistance zone may be a good entry point.
More info and screens
28.79
48.43
When analyzing the support we can see 6 important areas.
- A support zone ranging from 46.76 to 46.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.54 to 45.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @43.49 from a trend line in the daily time frame.
- Support @35.53 from a horizontal line in the daily time frame.
- A support zone ranging from 29.71 to 29.99. This zone is formed by a combination of multiple trend lines 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 47.30 to 47.95. 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 | 84.39 | POSITIVE | ZWS has a high relative strength, it outperformed 84.39% 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) | 59.55 | NEUTRAL | The RSI value for ZWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ZWS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.21 | NEUTRAL | The Stochastics value for ZWS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for ZWS suggests low volalility. |
| Average Directional Index/ADX (14) | 30.91 | POSITIVE | The high ADX value value for ZWS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 47.96 | 46.75 | 1.21 (2.52%) | 25.00% |
| An entry @47.96. This is a Buy Stop order right above the resistance zone. | An exit @46.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.21 points, which is 2.52%. | For a 0.63% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ZWS. Please evaluate whether better entry and exit points can be found.
- 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.
47.22
-0.07 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-0.15%
1 Week0.85%
2 Weeks0.72%
1 Month1.95%
3 Month25.14%
6 Month60.8%
12 Month29.49%
2 Year78.72%
3 Year101.32%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%1.98%
ATR Inc-16.63%
Range Today0.97
ADR(20)0.93
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.39
Mansfield1.06
10 Day High47.43
10 Day Low45.6
20 Day High48.42
20 Day Low45.27
52 Week High48.42
52 Week Low27.74
CS1 End46.85
CR1 Start47.3
Volume & EV
DER(3)-1.33%
DER(5)-0.66%
Volume861.61K
Volume Incr-36.72%
Vol(5)698.02K
Vol(50)1.13M