Xylem Inc Stock Forecast
Xylem Inc stock upgraded to Buy Candidate.
(Updated on Apr 23, 2024)
The Xylem Inc stock price gained 1.31% on the last trading day (Tuesday, 23rd Apr 2024), rising from $128.98 to $130.67. It has now gained 4 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 1.22% from a day low at $129.28 to a day high of $130.86. The price has risen in 6 of the last 10 days and is up by 1.35% over the past 2 weeks. Volume fell on the last day by -79 thousand shares and in total, 900 thousand shares were bought and sold for approximately $117.63 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 strong 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 11.69% during the next 3 months and, with a 90% probability hold a price between $141.99 and $150.78 at the end of this 3-month period.
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XYL Signals & Forecast
The Xylem Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $128.02 and $128.05. 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 3.53%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Xylem Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $123.35 and $119.56. 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 $123.35. If this is broken, then the next support from accumulated volume will be at $119.56 and $114.08.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.58 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: $125.11 (-4.25%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (XYL) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Xylem Inc to open at $130.27, and during the day (based on 14 day Average True Range), to move between $128.56 and $132.78, which gives a possible trading interval of +/-$2.11 (+/-1.62%) up or down from last closing price. If Xylem Inc takes out the full calculated possible swing range there will be an estimated 3.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $123.35, some $7.32 (5.60%) from the current price of $130.67, our system finds the risk reward attractive.
Is Xylem Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xylem Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.004 Buy Candidate Upgraded
Predicted Opening Price for Xylem Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $130.27 ( 0.306%) | $130.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XYL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 131.85 | 0.90 % | |
| R2 | 131.25 | 0.441 % | ||
| R1 | 130.87 | 0.156 % | ||
| Current price: | 130.67 | |||
| Support | S1 | 129.67 | -0.768 % | |
| S2 | 129.29 | -1.05 % | ||
| S3 | 128.69 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 130.67 | |||
| Support | S1 | 123.35 | -5.60% | |
| S2 | 119.56 | -8.50% | ||
| S3 | 114.08 | -12.70% |
XYL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Feb 20, 2024 | Mar 20, 2024 | $0.360 | 0.280% |
| 2 | Nov 09, 2023 | Nov 20, 2023 | Dec 19, 2023 | $0.330 | 0.296% |
| 3 | Aug 17, 2023 | Aug 30, 2023 | Sep 28, 2023 | $0.330 | 0.362% |
| 4 | May 18, 2023 | May 26, 2023 | Jun 28, 2023 | $0.330 | 0.299% |
| 5 | Feb 07, 2023 | Feb 21, 2023 | Mar 22, 2023 | $0.330 | 0.338% |
FAQ
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