Xylem Inc. Stock Forecast

Green day on Friday for Xylem Inc. stock after gaining 0.634%
(Updated on May 03, 2024)

XY6.F Signals & Forecast

The Xylem Inc. 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 123.81€ and 119.95€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.49%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Xylem Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at 117.25€ and 113.75€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Xylem Inc. finds support just below today's level at 117.25€. If this is broken, then the next support from accumulated volume will be at 113.75€ and 106.25€.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.350€ between high and low, or 0.276%. For the last week the stock has had daily average volatility of 0.95%

Our recommended stop-loss: 122.26€ (-3.73%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (XY6.F) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Xylem Inc. to open at 126.88€, and during the day (based on 14 day Average True Range), to move between 125.58€ and 128.42€, which gives a possible trading interval of +/-1.42€ (+/-1.12%) up or down from last closing price. If Xylem Inc. takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 117.25€, some 9.75€ (7.68%) from the current price of 127.00€, our system finds the risk reward attractive.

Is Xylem Inc. stock A Buy?

Xylem Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Xylem Inc. of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.