XYL | SHORTNYSE:XYL
Technical Analysis of Xylem Inc. (XYL)
Key Observations:
Current Price Action:
Price: $130.15
Recent Drop: -3.18 (-2.39%)
Support and Resistance Levels:
Immediate Support: $128.85 (Bearish Line)
Further Supports: $124.66 (Target Price 1), $119.62 (Target Price 2), and $114.08 (Target Price 3)
Resistance: The price has recently broken below a support level around $131.13.
Trendlines:
The price has broken below a key upward trendline, indicating a potential shift from a bullish to a bearish trend.
Relative Strength Index (RSI):
Current RSI: 36.81
The RSI is nearing the oversold zone, indicating increasing selling pressure and potential for further declines.
Target Prices:
Target Price 1: $124.66
This level is the immediate support and a potential first target for any continued downward movement.
Target Price 2: $119.62
If the price breaks below the immediate support, the next target is around $119.62, a previous support level.
Target Price 3: $114.08
Further downside could see the price reaching $114.08, another key support level.
Summary:
Xylem Inc. (XYL) has experienced a significant drop, breaking below a key support level and its upward trendline. The next levels to watch are $128.85, $124.66, $119.62, and $114.08. The RSI indicates potential for further declines if market conditions remain negative.
XYL
XYL Multiple Levels of SupportAlso on my morning Spike scanner came up NYSE:XYL (see below for the spike on the 30m timeframe).
I especially like this Support level as it has many matching components:
50% Retracement Level. My bread and butter. The most important Retracement Level.
Volume Profile node. Not the POC but a key level of price and volume here.
Ichimoku Cloud. A long flat SKB with the Lagging Span far away from crossing into bearish territory.
This is the Spike that triggered me to look and find price acting such a way at Support:
The take profit target is easy to find; the POC on the Volume Profile for the bullish trend. The stop is between the current VP node and the next significant one (which could be next support but no reason to take that much risk).
XYL - inverted flag formation short from $46.63 to $40 area. XYL seems breaking down underneath Resistance, and seems forming a flag formation. Downward volume is increasing & moneyflow is going down as well. We think if it can break below $46.63 it can go all the way down to $40 area.
* Trade Criteria *
Date first found-February 9, 2017
Pattern/Why- Resistance breakdown, Inverted flag formation
Entry Target Criteria- Break of $46.63
Exit Target Criteria- $40.63
Stop Loss Criteria- $49.13
(Note: Trade update is delayed here.)
XYL- Short at the break of 49.33 to 46 or lower XYL looks very suitable short opportunity as it has lots of weakness. It has moneyflow divergence & insider selling.
It also breaking down from a long upward channel.
We think it will decline to 46 & lower, and we are considering $50 January puts, last traded for $2.55
You can check our detailed analysis on XYL in the trading room/ Executive summary link here-
www.youtube.com
Time Span:5:45 "
Trade Status: Pending
XylemIn a strong up trend however it's forming a bullish momentum divergence in the daily chart which suggests momentum is slowing. Buy on a pullback to demand zone. The demand zone highlighted here in yellow also coincides with former resistance on the weekly chart.
Entry: $39.47
Stop Loss: $38.93
Target 1: $43