MUELLER WATER PRODUCTS Stock Forecast
Weaker technical forecast for MUELLER WATER PRODUCTS as stock downgraded to Buy Candidate.
(Updated on Apr 25, 2024)
The MUELLER WATER PRODUCTS stock price fell by -0.799% on the last day (Thursday, 25th Apr 2024) from $16.28 to $16.15. During the last trading day the stock fluctuated 1.31% from a day low at $16.02 to a day high of $16.23. The price has been going up and down for this period, and there has been a 6.32% gain for the last 2 weeks. Volume has increased on the last day by 288 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $21.19 million.
The stock lies in the upper part of a strong 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 $16.30 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.05% during the next 3 months and, with a 90% probability hold a price between $16.44 and $17.94 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 $15.95 and $15.66. 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). 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 -0.799%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more 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 $0.210 (1.31%) between high and low. For the last week, the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: $15.66 (-3.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MWA) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect MUELLER WATER PRODUCTS to open at $16.13, and during the day (based on 14 day Average True Range), to move between $15.82 and $16.48, which gives a possible trading interval of +/-$0.334 (+/-2.07%) up or down from last closing price. If MUELLER WATER PRODUCTS takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.18 (0.19%) than the support at $15.68 (2.91%), 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.
Is MUELLER WATER PRODUCTS 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 MUELLER WATER PRODUCTS stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.600 Buy Candidate Downgraded
Predicted Opening Price for MUELLER WATER PRODUCTS of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $16.13 ( 0.103%) | $16.15 |
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 | 16.34 | 1.20 % | |
| R2 | 16.26 | 0.700 % | ||
| R1 | 16.21 | 0.394 % | ||
| Current price: | 16.15 | |||
| Support | S1 | 16.05 | -0.600 % | |
| S2 | 16.00 | -0.91 % | ||
| S3 | 15.92 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 16.28 | 0.80 % | ||
| R1 | 16.18 | 0.186 % | ||
| Current price | 16.15 | |||
| Support | S1 | 15.68 | -2.91% | |
| S2 | 15.34 | -5.02% | ||
| S3 | 15.17 | -6.07% |
MWA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 20, 2024 | $0.0640 | 0.396% |
| 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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