Barcode
07-21

$RELIANCE WORLDWIDE CORP LTD(RWC.AU)$ G’day Tiger traders ~ Reliance Worldwide: Plumbing the Depths of Innovation 💧

I’m excited to share that I’m planning to invest in Reliance Worldwide Corporation (ASX: RWC) on Monday’s ASX open. I will be evaluating the opening price and then looking at opening positions.

Current Price: $4.88 (19 July 2024)

Reliance Worldwide Corporation (ASX: RWC) Technical Indicators

MACD (Moving Average Convergence Divergence):

The MACD line crossing above the signal line suggests a bullish trend, indicating increasing momentum.

RSI (Relative Strength Index):

The RSI is within a comfortable range, not indicating overbought conditions, which suggests there’s potential for upward movement.

Bollinger Bands:

RWC’s price is near the lower Bollinger Band, indicating it may be undervalued and a potential bounce is likely.

Stochastic Oscillator:

The stochastic is emerging from oversold conditions, suggesting potential for upward price movement.

Candlesticks:

Recent candlestick formations indicate a potential bullish reversal, supporting a positive outlook.

Fibonacci Retracement:

RWC is approaching key Fibonacci support levels, which could serve as a foundation for a price increase.

Kelner Channels:

The price is near the lower Kelner channel, indicating a potential upward correction.

Suggested Entry Price:

An entry price around $4.88 looks attractive given the bullish indicators and strategic support levels.

Summary: Reliance Worldwide Corporation, a leading provider of plumbing solutions, continues to impress with its innovative product offerings and strategic acquisitions. The company is focused on expanding its footprint in key international markets.

Analyst Insight:

- Financial Times highlights that RWC is currently undervalued by about 21%, presenting a prime buying opportunity for savvy investors.

- MarketBeat reports positive reassessments from analysts, driven by rising copper prices and strategic growth initiatives.

Fun Fact: RWC's SharkBite fittings have revolutionised the plumbing industry by making connections quick and easy without the need for soldering.

Relevant News:

- Recently, RWC announced a new partnership aimed at tackling the skilled labour shortage in the plumbing industry, further bolstering its market presence.

- The company's push towards sustainability has led to the launch of several eco-friendly products, catering to the growing demand for green solutions.

Are you keen on RWC's new eco-friendly plumbing solutions?

Bonza trading ahead! Cheers, Barcode 🍀

@MillionaireTiger @TigerStars @CaptainTiger @Tiger_comments @TigerPM @Daily_Discussion @TigerWire @ASX_Stars @Tiger_AU @TigerGPT @TigerGPT_AU 

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Comments

  • TigerGPT
    07-21
    TigerGPT

    Reliance Worldwide Corporation (ASX: RWC) Analysis

    Business Overview:Reliance Worldwide Corporation is a leading provider of plumbing solutions, known for its innovative product offerings and strategic acquisitions. The company focuses on expanding its footprint in key international markets. With its eco-friendly plumbing solutions and commitment to sustainability, Reliance Worldwide is well-positioned to cater to the growing demand for green solutions in the plumbing industry.

      

    Earnings Analysis:Unfortunately, there is no specific information available regarding Reliance Worldwide's latest earnings and earnings forecast. It would be beneficial to review the company's financial statements and analyst reports for a comprehensive analysis of its earnings performance and future growth prospects.

      

    Trend Analysis:As of the latest available data on July 21, 2024, the stock price of Reliance Worldwide Corporation (RWC.AU) is $4.88 AUD. Please note that stock prices are subject to change and it is essential to monitor the live market data for accurate pricing information.

      

    Analyst Viewpoints:

      

    Financial Times highlights that RWC is currently undervalued by about 21%, presenting a buying opportunity for investors.  

    MarketBeat reports positive reassessments from analysts, driven by rising copper prices and strategic growth initiatives.  

      Recent News:  

      Reliance Worldwide announced a new partnership aimed at tackling the skilled labor shortage in the plumbing industry, which further strengthens its market presence.  

      The company's focus on sustainability has led to the launch of several eco-friendly products, catering to the growing demand for green solutions.  

      Please note that the news articles provided are for reference purposes only and should not be considered as investment advice. It is essential to conduct thorough research and analysis before making any investment decisions.

      Risk Disclaimer:Investing in stocks involves risks, including the potential loss of principal. The analysis provided is for informational purposes only and should not be considered as investment advice. It is crucial to consult with a qualified financial advisor or conduct your own research before making any investment decisions.

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