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AI Analysis of WDFC
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Weaker technical forecast for WD-40 Company as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 26, 2024 Gain 1.56% PDF

The WD-40 Company stock price gained 1.44% on the last trading day (Thursday, 28th Mar 2024), rising from $249.71 to $253.31. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.01% from a day low at $250.16 to a day high of $255.18. The price has risen in 7 of the last 10 days and is up by 0.04% over the past 2 weeks. Volume fell on the last day by -325 thousand shares and in total, 77 thousand shares were bought and sold for approximately $19.51 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect WD-40 Company stock with a 90% probability to be traded between $246.57 and $274.67 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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WDFC Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 2.49%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The WD-40 Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $258.72. On a fall, the stock will find some support from the short-term average at $251.66. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for WD-40 Company stock

WD-40 Company finds support from accumulated volume at $249.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $5.03 (2.01%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.

Our recommended stop-loss: $241.57 (-4.63%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (WDFC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect WD-40 Company to open at $252.88, and during the day (based on 14 day Average True Range), to move between $248.03 and $258.59, which gives a possible trading interval of +/-$5.28 (+/-2.08%) up or down from last closing price. If WD-40 Company takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $249.71 (1.42%) than the resistance at $268.77 (6.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is WD-40 Company stock A Buy?

WD-40 Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.612 Hold/Accumulate Downgraded

Predicted Opening Price for WD-40 Company of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$252.88 ( 0.169%) $253.31

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for WDFC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 257.91 1.81 %
R2 255.99 1.06 %
R1 254.80 0.589 %
Current price: 253.31
Support S1 250.96 -0.93 %
S2 249.78 -1.40 %
S3 247.86 -2.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 274.54 8.38 %
R2 272.59 7.61 %
R1 268.77 6.10 %
Current price 253.31
Support S1 249.71 -1.42%
S2 237.83 -6.11%
S3 236.61 -6.59%

WDFC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 18, 2024 Apr 18, 2024 Apr 30, 2024 $0.88 0.347%
2 Dec 12, 2023 Jan 18, 2024 Jan 31, 2024 $0.88 0.340%
3 Oct 06, 2023 Oct 19, 2023 Oct 31, 2023 $0.83 0.393%
4 Jun 20, 2023 Jul 13, 2023 Jul 31, 2023 $0.83 0.362%
5 Mar 21, 2023 Apr 13, 2023 Apr 28, 2023 $0.83 0.436%

FAQ

What is the symbol for WD-40 Company Stock and on which exchange is it traded?
The symbol for WD-40 Company is WDFC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell WD-40 Company Stock?
WD-40 Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy WD-40 Company Stock?
WD-40 Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy WD-40 Company Stock.

What's the current price of WD-40 Company Stock?
As of the end of day on the 2024-03-28, the price of an WD-40 Company (WDFC) share was $253.31.

What is the 52-week high and low for WD-40 Company Stock?
The 52-week high for WD-40 Company Stock is $278.78 and the 52-week low is $163.82.

What is the market capitalization of WD-40 Company Stock?
As of the 2024-03-28, the market capitalization of WD-40 Company is 3.435B.

When is the next earnings date for WD-40 Company?
The upcoming earnings date for WD-40 Company is Apr 04, 2024.
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About WD-40 Company

WD-40 Company WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubri... WDFC Profile

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