Reliance Worldwide Corporation (RWC.AX)
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Reliance Worldwide Corporation (ASX:RWC) : The current Fibonacci Retraction levels are:
The current support levels are:
A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.
Calculation: Fibonacci Retracements:
1) Uptrend: C = B — (B — A) x N%;
2) Downtrend: C = B + (A — B) x N%;
3) Fibonacci Levels:
PROFILE: Reliance Worldwide Corporation (RWC.AX)
Stock Exchange: ASX
Company: Reliance Worldwide Corporation
Ticker Codes: | RWC.AX | ASX:RWC |
Reliance Worldwide Corporation Limited designs, manufactures, and supplies water control systems and plumbing solutions for domestic, commercial, and industrial applications. It primarily offers push-fit plumbing fittings under the SharkBite name; water control valves, including thermostatic mixing valves, combination non-return and isolating valves, pressure and temperature relief valves, and expansion control valves under the RMC brand; water safety valves under the Cash Acme name; and water control devices under the Reliance Water Controls name. The company also provides a range of water meters for hot and cold water applications under the RMC brand; backflow prevention devices, such as hose connection vacuum breakers, dual check valves, vented dual checks, and atmospheric vacuum breakers under the Cash Acme name; industrial products comprising compression fittings, couplings, adaptors, and ball valves under the TubeFit name for industrial-grade plumbing and gas line applications; and industrial fittings under the Titon brand. In addition, it offers custom forged products, including building products, water meter bodies, and other custom forgings; custom extrusions; brass plumbing fittings; and fire plumbing products, such as hydrant valves, boosters, standpipes, and couplings. The company provides plumbing solutions to businesses and households, as well as supplies hot water systems to manufacturers, plumbing distributors, government bodies, and other industries. It has operations in Australia, New Zealand, the United States, Canada, the United Kingdom, and Spain. Reliance Worldwide Corporation was founded in 1949 and is based in Melbourne, Australia.
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