MUELLER WATER PRODUCTS - Daily - Technical analysis published on 10/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 10.71 USD
My targets
11.03 USD (+2.13%)
11.68 USD (+8.15%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MUELLER WATER PRODUCTS. As long as you are above the support located at 10.71 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 11.03 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 11.68 USD as an objective. Crossing it would then enable buyers to target 12.49 USD. If the support 10.71 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
2.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MUELLER WATER PRODUCTS rating is 10.80 USD. The price is lower by -0.37% since the last closing and was between 10.52 USD and 10.89 USD. This implies that the price is at +2.66% from its lowest and at -0.83% from its highest.10.52
10.89
10.80
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MUELLER WATER PRODUCTS:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MUELLER WATER PRODUCTS in Daily shows an overall bullish trend. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.70 | 10.24 | 10.71 | 10.80 | 11.03 | 11.68 | 12.49 |
| Change (%) | -10.19% | -5.19% | -0.83% | - | +2.13% | +8.15% | +15.65% |
| Change | -1.10 | -0.56 | -0.09 | - | +0.23 | +0.88 | +1.69 |
| Level | Major | Major | Intermediate | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.09 | 10.45 | 10.65 | 11.01 | 11.21 | 11.57 | 11.77 |
| Camarilla | 10.69 | 10.74 | 10.79 | 10.84 | 10.89 | 10.94 | 10.99 |
| Woodie | 10.00 | 10.41 | 10.56 | 10.97 | 11.12 | 11.53 | 11.68 |
| Fibonacci | 10.45 | 10.66 | 10.80 | 11.01 | 11.22 | 11.36 | 11.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.09 | 10.36 | 10.79 | 11.06 | 11.49 | 11.76 | 12.19 |
| Camarilla | 11.04 | 11.10 | 11.17 | 11.23 | 11.29 | 11.36 | 11.42 |
| Woodie | 10.18 | 10.40 | 10.88 | 11.10 | 11.58 | 11.80 | 12.28 |
| Fibonacci | 10.36 | 10.62 | 10.79 | 11.06 | 11.32 | 11.49 | 11.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.00 | 9.52 | 10.38 | 10.90 | 11.76 | 12.28 | 13.14 |
| Camarilla | 10.86 | 10.99 | 11.11 | 11.24 | 11.37 | 11.49 | 11.62 |
| Woodie | 9.17 | 9.61 | 10.55 | 10.99 | 11.93 | 12.37 | 13.31 |
| Fibonacci | 9.52 | 10.05 | 10.37 | 10.90 | 11.43 | 11.75 | 12.28 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.61 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | -0.60 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 11.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.38 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 10.56 | |
| Zig ZAG (10): | 10.80 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 45.37 | |
| TEMA (21): | 11.09 | |
| Williams %R (14): | -68.89 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | -1.8800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2900 | |
| Courbe Coppock: | 3.95 |
| MA7: | 10.99 | |
| MA20: | 10.89 | |
| MA50: | 10.42 | |
| MA100: | 9.97 | |
| MAexp7: | 10.96 | |
| MAexp20: | 10.83 | |
| MAexp50: | 10.50 | |
| MAexp100: | 10.26 | |
| Price / MA7: | -1.73% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | +3.65% | |
| Price / MA100: | +8.32% | |
| Price / MAexp7: | -1.46% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | +2.86% | |
| Price / MAexp100: | +5.26% |
News
The last news published on MUELLER WATER PRODUCTS at the time of the generation of this analysis was as follows:
- MUELLER WATER PRODUCTS INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Mueller Water Products, Inc. To Contact The Firm
- MUELLER WATER EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Mueller Water Products, Inc. - MWA
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Mueller Water Products, Inc. - MWA
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Mueller Water Products, Inc. - MWA
- Investor Expectations to Drive Momentum within Consolidated Edison, MUELLER WATER PRODUCTS, Adverum Biotechnologies, Buckeye Partners, inTest, and Live Nation Entertainment — Discovering Underlying Factors of Influence
This member declared not having a position on this financial instrument or a related financial instrument.
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