MUELLER WATER PRODUCTS Stock Forecast
MUELLER WATER PRODUCTS stock upgraded to Strong Buy Candidate.
(Updated on May 03, 2024)
The MUELLER WATER PRODUCTS stock price gained 0.309% on the last trading day (Friday, 3rd May 2024), rising from $16.18 to $16.23. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.77% from a day low at $16.14 to a day high of $16.42. The price has risen in 6 of the last 10 days and is up by 1.63% over the past 2 weeks. Volume fell on the last day by -441 thousand shares and in total, 936 thousand shares were bought and sold for approximately $15.19 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 upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $16.39 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.24% during the next 3 months and, with a 90% probability hold a price between $15.46 and $17.41 at the end of this 3-month period.
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MWA Signals & Forecast
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 $16.06 and $15.73. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.307%. Further fall is indicated until a new bottom pivot has been found.
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 $0.285 (1.77%) between high and low. For the last week, the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: $15.71 (-3.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (MWA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect MUELLER WATER PRODUCTS to open at $16.26, and during the day (based on 14 day Average True Range), to move between $15.90 and $16.56, which gives a possible trading interval of +/-$0.329 (+/-2.03%) up or down from last closing price. If MUELLER WATER PRODUCTS takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.28 (0.31%) than the support at $15.68 (3.39%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
MUELLER WATER PRODUCTS will release earnings AMC on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.150. We will update the financials statements for MUELLER WATER PRODUCTS, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.25% in the first trading day after earnings release.
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.613 Strong Buy Candidate Upgraded
Predicted Opening Price for MUELLER WATER PRODUCTS of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $16.26 ( 0.195%) | $16.23 |
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 | 16.55 | 1.95 % | |
| R2 | 16.44 | 1.28 % | ||
| R1 | 16.37 | 0.87 % | ||
| Current price: | 16.23 | |||
| Support | S1 | 16.15 | -0.476 % | |
| S2 | 16.09 | -0.89 % | ||
| S3 | 15.98 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 16.28 | 0.308 % | ||
| Current price | 16.23 | |||
| Support | S1 | 15.68 | -3.39% | |
| S2 | 15.34 | -5.48% | ||
| S3 | 15.17 | -6.53% |
MWA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 20, 2024 | $0.0640 | 0.394% |
| 2 | Jan 25, 2024 | Feb 08, 2024 | Feb 20, 2024 | $0.0640 | 0.409% |
| 3 | Oct 24, 2023 | Nov 08, 2023 | Nov 20, 2023 | $0.0600 | 0.454% |
| 4 | Jul 26, 2023 | Aug 09, 2023 | Aug 21, 2023 | $0.0610 | 0.445% |
| 5 | Apr 25, 2023 | May 09, 2023 | May 22, 2023 | $0.0610 | 0.438% |
FAQ
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