Zurn Water Solutions Corporation Stock Forecast
Zurn Water Solutions Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Zurn Water Solutions Corporation stock price fell by -0.565% on the last day (Friday, 26th Apr 2024) from $31.88 to $31.70. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.13% from a day low at $31.67 to a day high of $32.34. The price has been going up and down for this period, and there has been a -0.66% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -600 thousand shares and in total, 999 thousand shares were bought and sold for approximately $31.66 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $31.40 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.09% during the next 3 months and, with a 90% probability hold a price between $32.37 and $35.20 at the end of this 3-month period.
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ZWS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.34%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zurn Water Solutions Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $31.98 and $32.08. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Zurn Water Solutions Corporation stock
Zurn Water Solutions Corporation finds support from accumulated volume at $31.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.675 between high and low, or 2.13%. For the last week the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: $29.89 (-5.71%) (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 (ZWS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Zurn Water Solutions Corporation to open at $31.90, and during the day (based on 14 day Average True Range), to move between $30.82 and $32.58, which gives a possible trading interval of +/-$0.88 (+/-2.76%) up or down from last closing price. If Zurn Water Solutions Corporation takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.66 (0.13%) than the resistance at $31.87 (0.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zurn Water Solutions Corporation stock A Buy?
Zurn Water Solutions Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.566 Hold/Accumulate Upgraded
Predicted Opening Price for Zurn Water Solutions Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $31.90 ( 0.636%) | $31.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZWS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.58 | 2.77 % | |
| R2 | 32.32 | 1.95 % | ||
| R1 | 32.16 | 1.45 % | ||
| Current price: | 31.70 | |||
| Support | S1 | 31.64 | -0.177 % | |
| S2 | 31.48 | -0.680 % | ||
| S3 | 31.23 | -1.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.20 | 4.73 % | |
| R2 | 32.07 | 1.17 % | ||
| R1 | 31.87 | 0.536 % | ||
| Current price | 31.70 | |||
| Support | S1 | 31.66 | -0.126% | |
| S2 | 31.36 | -1.07% | ||
| S3 | 31.19 | -1.61% |
ZWS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 16, 2024 | Mar 07, 2024 | $0.0800 | 0.250% |
| 2 | Oct 19, 2023 | Nov 17, 2023 | Dec 07, 2023 | $0.0800 | 0.271% |
| 3 | Jul 20, 2023 | Aug 17, 2023 | Sep 07, 2023 | $0.0700 | 0.242% |
| 4 | May 04, 2023 | May 18, 2023 | Sep 07, 2023 | $0.0700 | 0.242% |
| 5 | Feb 01, 2023 | Feb 17, 2023 | Mar 07, 2023 | $0.0700 | 0.311% |
FAQ
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