Zurn Elkay Water Solutions Corp

Despite its long-term uptrend, ZWS is in a Stage 4 decline with clear supply dominance via lower highs and lower lows. Current oversold conditions have produced only a minor bounce without exhaustion, making immediate selling unconvincing. The tradable side remains bearish; best engagement is to trim into rallies into the falling 9/20 EMA resistance zone near prior support-turned-resistance.

• ↑Q1 organic sales up 11% YoY, highlighting strong demand.
• ↑Adjusted EBITDA margin expanded 160bps to 26.8% on efficiency gains.
• ↓Non-residential growth offset by softness in the residential segment.