XYL pushes through 20-day moving average


Xylem Inc. (XYL) Technical Analysis Report for Apr 16, 2018 [1 min read]
Highlights
XYL closes above its opening price after recovering from early selling pressure
XYL pushes through 20-day moving average
XYL runs into sellers again around 77.99
XYL pushes through previous session high
XYL rises to highest close since March 26th
TQ Sentiment
Report Sentiment: 37% Bullish
Technical Forecast:
Overview

XYL ended Monday at 77.79 gaining $0.96 (1.25%) on low volume. Today's closing price of 77.79 marks the highest close since March 26th. Trading up to $0.42 lower after the open, the share managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Friday's high at 77.78, the market confirms its breakout through the prior session's high having traded $0.21 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for XYL
Volatility

Monday's trading range was $0.91 (1.17%), that's far below last trading month's daily average range of $1.61. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being below average.

Support/Resistance

Prices are trading close to the key resistance level at 78.55. After having been unable to move above 77.78 in the previous session, the stock ran into sellers again around the same price level today, failing to move higher than 77.99.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. Xylem Inc. managed to break above the 20-day moving average at 76.93 today for the first time since April 12th.

Order Flow

Selling could accelerate should prices move below the close-by swing low at 76.44 where further sell stops might get triggered. With prices trading close to this year's high at 79.83, upside momentum could speed up should XYL be able to break out to new highs for the year. As prices are trading close to April's high at 78.12, upside momentum might accelerate should the share mark new highs for the month.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Xylem Inc.
ConditionForecastDirectionWinAvgWorstBestEvents
Close near high of period TQ Pro Members Only
White Candle TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Bullish Bounce off SMA 20 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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