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Based on the 15-minute chart for Zurn Elkay Water, there are several technical indicators that suggest a potential shift in the stock's momentum. Firstly, the Relative Strength Index (RSI) has reached an overbought level, indicating that the stock price has risen too rapidly and is potentially due for a correction. Additionally, the KDJ (KST-Diff/EMA) has formed a death cross, which is a bearish signal that the momentum of the stock price is shifting towards the downside. These indicators suggest that the stock price may have surpassed its fundamental support levels and is at risk of further decrease.
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