Hayward Holdings, Inc.
There is a noticeable increase in volume during this rise, suggesting a higher level of participation, which is typically a bullish sign.
The price has broken through the middle band (20-period simple moving average) and is approaching the upper band, suggesting upward momentum.
High volume on bullish candles is generally a positive sign, indicating that many participants support the move.
Resistance: The stock might face resistance near the $15.00 - $15.50 range, where prices previously reversed in late August.
Support: The most recent support is around the $12.00 range, where price bounced off in early September.
The technical indicators suggest a potential bullish reversal. However, keep an eye on whether the price can break and hold above resistance near $15.00. If the stock continues to trade with high volume and stays above the middle Bollinger Band, this could confirm a shift in momentum toward an uptrend.
HAYW trade ideas
Hayward (HAYW) - Another POOL in the making ?Hayward Industries - a manufacturer of swimming pool equipment - has gotten horrendously beaten down as of late. In short -> as to the stock price -> they have had issues with their supply chain as noted on the Q3 conference call and they got obliterated shortly after a quick pump up in December.
I believe that the expectation for them is so low going into Q4 earnings that any good news will send the stock on a rally. For a trade, I'd look to fill the gap at the very least (circled on the chart). I myself am starting a 50% position here, will add the remainder after the conference call if there is a further pullback.
I believe that this summer will be another strong one for the swimming pool industry - as long as Hayward can come reasonably close to meeting demand the stock will soar.
They are a primary supplier of POOLCORP (POOL) which is of course one of the best performing stocks of the last 20 years, and Hayward only recently went public after an eighty (80 - thats right!) year run as a private company.
To get another shot at the IPO price is a rare opportunity in my opinion.