MUELLER WATER PRODUCTS Stock Forecast
Green day on Wednesday for MUELLER WATER PRODUCTS
(Updated on Apr 24, 2024)
The MUELLER WATER PRODUCTS stock price gained 0.618% on the last trading day (Wednesday, 24th Apr 2024), rising from $16.18 to $16.28. During the last trading day the stock fluctuated 1.80% from a day low at $16.08 to a day high of $16.37. The price has risen in 6 of the last 10 days and is up by 7.32% over the past 2 weeks. Volume fell on the last day by -176 thousand shares and in total, 1 million shares were bought and sold for approximately $16.68 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.84% during the next 3 months and, with a 90% probability hold a price between $16.83 and $19.00 at the end of this 3-month period.
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MWA Signals & Forecast
Mostly positive signals in the chart today. The MUELLER WATER PRODUCTS stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.84 and $15.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 7.46%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for MUELLER WATER PRODUCTS stock
MUELLER WATER PRODUCTS finds support from accumulated volume at $15.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.290 (1.80%) between high and low. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: $15.76 (-3.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (MWA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect MUELLER WATER PRODUCTS to open at $16.24, and during the day (based on 14 day Average True Range), to move between $15.94 and $16.62, which gives a possible trading interval of +/-$0.339 (+/-2.08%) up or down from last closing price. If MUELLER WATER PRODUCTS takes out the full calculated possible swing range there will be an estimated 4.16% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $15.68, some $0.600 (3.69%) from the current price of $16.28, our system finds the risk reward attractive.
Is MUELLER WATER PRODUCTS stock A Buy?
MUELLER WATER PRODUCTS holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.501 Strong Buy Candidate Unchanged
Predicted Opening Price for MUELLER WATER PRODUCTS of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$16.24 ( 0.225%) | $16.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MWA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.53 | 1.56 % | |
R2 | 16.42 | 0.88 % | ||
R1 | 16.35 | 0.455 % | ||
Current price: | 16.28 | |||
Support | S1 | 16.13 | -0.91 % | |
S2 | 16.06 | -1.33 % | ||
S3 | 15.95 | -2.01 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 16.28 | |||
Support | S1 | 15.68 | -3.69% | |
S2 | 15.34 | -5.77% | ||
S3 | 15.17 | -6.82% |
MWA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Feb 08, 2024 | Feb 20, 2024 | $0.0640 | 0.409% |
2 | Oct 24, 2023 | Nov 08, 2023 | Nov 20, 2023 | $0.0600 | 0.454% |
3 | Jul 26, 2023 | Aug 09, 2023 | Aug 21, 2023 | $0.0610 | 0.445% |
4 | Apr 25, 2023 | May 09, 2023 | May 22, 2023 | $0.0610 | 0.438% |
5 | Jan 27, 2023 | Feb 09, 2023 | Feb 21, 2023 | $0.0610 | 0.440% |
FAQ
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