WDFC - WD-40 Company

Industry: Specialty Chemicals Sector: Basic Materials Exchange: NASDAQ

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE 0.11%
PRICE $157.95
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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WD-40 Company Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Hold candidate since 2018-10-17
Shorts 44.74% ( 2018-09-28 )
Cash 129.5 mill
Loans 164.0 mill
Beta 0.59
ROA 15.17

WD-40 Company gained 0.11% in the last trading day, rising from $157.77 to $157.95 , and has now gained 4 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. The price has fallen in 6 of the last 10 days and is down by -3.28% for this period. Volume fell in the last day by -44 459 shares, and in total, 60 737 shares bought and sold for approximately $9.59 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Given the current horizontal trend you can expect WD-40 Company with 90% probability to be traded between $151.82 and $185.10 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Friday October 12, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and 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. WD-40 Company holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $169.65. On a fall, the stock will find some support from the short-term average at $155.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock currently holds a RSI14 at 26 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

WD-40 Company finds support from accumulated volume at $157.77.

Support: $157.77 Price: $157.95 Resistance: $163.30

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $7.40 between high and low, or 4.76%. For the last week, the stock has had a daily average volatility of 3.26%.

WD-40 Company is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: $150.35 (-4.81%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 26 which reduces the risk some. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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

Hold/Accumulate

Click for Top 5 Hold/Accumulates
WDFC $157.95 $0.18(0.11%)
WDFC is up $0.18 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for WDFC based on the 1-3 month system that more than doubles the S&P 500.

Click here – the WDFC analysis is free »

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