WDFC - WD-40 Company

Industry: Specialty Chemicals Sector: Basic Materials Exchange: NASDAQ

Fri 20'th Jul 2018

PERIOD 2018-04-23 - 2018-07-20
CHANGE -0.93%
PRICE $159.70
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

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WD-40 Company Stock Analysis

Technical stock analysis for Fri 20'th Jul 2018

Buy candidate since 2018-06-26 Gain 8.38%
Shorts 27.62% ( 2018-06-29 )
Cash 246.8 mill
Loans 318.0 mill
Beta 0.56
ROA 15.17

WD-40 Company fell by -0.93% in the last day from $161.20 to $159.70 The price has been going up and down for this period, and there has been a 5.2% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -31 118 shares and in total 72 528 shares bought and sold for approximately $11.58 million.

Trend

WD-40 Company lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.74% during the next 3 months and, with 90% probability hold a price between $187.27 and $202.23 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

WD-40 Company holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $160.53. On a fall, the stock will find some support from the long-term average at approximately $150.12. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday July 19, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 75 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

WD-40 Company finds support from accumulated volume at $157.85.

Support: $157.85 Price: $159.70 Resistance: $161.20

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 $1.65 between high and low, or 1.03%. For the last week, the stock has had a daily average volatility of 2.07%.

Our recommended stoploss: $152.78 (-4.33%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 75 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Buy Candidate

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WDFC $159.70 $-1.50(-0.93%)
WDFC is down $1.50 today, but where's it headed in August?
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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