ZWS Price Prediction Next Week
Analysis and Insights
Technical Analysis:
ZWS's stock price is currently at $35.084, with a 52-week range of $28.55 to $41.15. The stock recently crossed below its 200-day moving average, a bearish signal. The Relative Strength Index (RSI) is at 44.81, indicating the stock is not yet oversold but is in a bearish zone. The Stochastic Oscillator is at 25.20, suggesting it may be approaching oversold levels.
News and Sentiment Analysis:
Insider Activity: Significant insider selling, with 8.9 million shares sold by April Jalazo, representing 37.3% of their holdings. This could indicate a lack of confidence in the stock's short-term performance.
Institutional Movements: Mixed sentiment among institutional investors, with 163 increasing positions and 180 decreasing in the last quarter.
Public Offering: ZWS announced a public offering of 7.75 million shares, which could increase supply and potentially put downward pressure on the stock price.
Fibonacci Levels:
The Fibonacci levels suggest resistance at $35.62 (R1) and support at $34 (S1). The pivot point is at $34.81, close to the current price.
Conclusion:
Based on the technical indicators and news sentiment, ZWS is likely to face selling pressure next week. The stock is expected to drop to $33.50, with resistance at $35.62.
Recommendation: Sell ZWS stock next week, with a target price of $33.50.
ZWS Similar Chart Price Prediction
The price of ZWS is predicted to go up -4.73%, based on the high correlation periods with CSV. The similarity of these two price pattern on the periods is 98.63%.
ZWS
CSV
Down: -4.73%Similarity: 98.63%
ZWS Revenue Forecast
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ZWS Analyst's Forecast
Nathan Jones
Stifel
Hold
2024-12-11
Price Target
$36 → $38
Downside
-5.85%
Stifel analyst Nathan Jones raised the firm's price target on Zurn Elkay Water to $38 from $36 and keeps a Hold rating on the shares. Global industrial stocks having materially outperformed the growth in earnings with 2024 EPS growth of 10% for the group, notes the analyst, who has "concerns in several areas," but is "relatively bullish that growth will be similar in 2025." However, the firm thinks stocks in the group "may have overshot the mark in the short term," the analyst added.
Michael Halloran
Baird
Hold
2024-10-31
Price Target
$37 → $39
Upside
+8.03%
Nathan Jones
Stifel
Hold
2024-10-16
Price Target
$34 → $36
Downside
-4.03%
