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Xylem Inc.

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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.
NYSE:XYLShort
by shkspr
Can a Water Company Grow at Tech Rates? XylemXylem's Growth in Q2: Resilient Demand Amid Asset Challenges Xylem Inc. raised its annual profit forecast on Tuesday after posting higher-than-expected second-quarter results, driven by robust demand for its water and wastewater treatment products. The company now anticipates an adjusted profit for 2024 between $4.18 and $4.28 per share, up from its previous forecast of $4.10 to $4.25 per share. CEO Matthew Pine highlighted resilient demand in Xylem’s largest markets as a key factor in this optimistic outlook. Furthermore, Xylem revised its annual revenue outlook upwards to $8.55 billion from about $8.50 billion. Quarterly revenue surged nearly 26% to $2.17 billion, surpassing analysts' estimates of $2.15 billion. Notably, sales from its water infrastructure unit reached $690 million, beating expectations of $655.28 million. This segment, which focuses on the transportation, treatment, and testing of water, includes a diverse range of products such as water and wastewater pumps. On an adjusted basis, Xylem reported a profit of $1.09 per share for the quarter ending June 30, exceeding forecasts of $1.05 per share. However, a review of the 8K revealed some asset challenges. Cash and cash equivalents decreased to $815 million from $1,019 million in the prior quarter. Receivables remained relatively unchanged at $1,675 million, compared to $1,617 million previously. Inventories saw a slight increase, rising to $1,057 million from $1,018 million. While Xylem’s revenue and profit forecasts are encouraging, the decrease in cash reserves and "stable" receivables suggest a need for careful asset management moving forward. This raises the question: Can a water company sustain growth at tech rates? With strategic acquisitions and strong market demand, Xylem shows potential, but effective management of its assets will be crucial to maintain its impressive trajectory in the water technology industry.
NYSE:XYL
by TwoBULLISH
Another Rabbit...I wager this is not a beat! "Xylem's Strategic Acquisition of Evoqua Boosts Revenue by 40% - A Deep Dive into Water Technology Innovation" Xylem's acquisition of Evoqua Water Technologies for $7.5 billion, an all-stock deal, seems to be a strategic move. This acquisition was valued at $52.89 per Evoqua share, a 29% premium based on the companies' closing prices before the deal. Evoqua Water's extensive customer base in high-growth sectors like life sciences, microelectronics, power, and food and beverage, along with their work on emerging contaminant remediation, aligns well with Xylem’s vision. Xylem's stock price has risen from the low $100s to $140, showing investor confidence in the acquisition and the company’s future prospects. Since March 2024, Xylem's revenues have increased by 40%, but accounts receivable have risen by 46%, which might indicate slower collections or extended credit terms to customers. However, the cash position hasn't seen similar growth, which could point to liquidity management challenges. The substantial increase in goodwill by 174% reflects the premium paid for Evoqua and indicates significant intangible assets, such as customer relationships and technological expertise. As Xylem reports its earnings, the market will be keen to see if these strategic moves translate into sustained revenue growth, improved cash flows, and effective integration of Evoqua. Stay Tune
NYSE:XYLShort
by TwoBULLISH
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).
NYSE:XYLLong
by norok
Technical analysis for XLY pair ( SP500)Hello everyone, today I will review the above two codes in the S&P500 ( XYL). + XLY weekly trend is decreasing, I will draw a trendline to analyze the falling price area - we will use the Parallel channel tool, to determine the basic trend of this code. - Next we will draw 05 red trenline lines to determine buying and selling trends. - Draw 02 purple lines for the falling price area.(116 and 106 - Thank you for watching the video, if the video is interesting for you, please subscribe to the channel to watch many new videos. thank you very much.
NYSE:XYLShort
by mkoas