ZURN ELKAY WATER SOLUTIONS C (ZWS) Stock Technical Analysis
USA - NYSE:ZWS - US98983L1089 - Common Stock
We assign a technical rating of 6 out of 10 to ZWS. Although ZWS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ZWS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 46.69, 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
28.79
When analyzing the support we can see 3 important areas.
- A support zone ranging from 44.42 to 46.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.71 to 30.06. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.12 to 47.99. 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 | 74.61 | POSITIVE | ZWS has a high relative strength, it outperformed 74.61% 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) | 53.68 | NEUTRAL | The RSI value for ZWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ZWS has a positive trend. |
| Stochastics (14,3) | 42.09 | NEUTRAL | The Stochastics value for ZWS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for ZWS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.96 | 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 |
|---|---|---|---|
| 48.00 | 45.70 | 2.30 (4.79%) | 20.87% |
| An entry @48.00. This is a Buy Stop order right above the resistance zone. | An exit @45.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.30 points, which is 4.79%. | For a 1.00% total portfolio risk, you can invest 20.87% 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.
47.11
+0.38 (+0.81%)
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 53.6761. 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 46.69 and a resistance level at 47.12. Check the full technical report for our detailed analysis of ZWS support and resistance levels.