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WDFC - WD-40 Company

Industry: Specialty Chemicals Sector: Basic Materials Exchange: NASDAQ

Fri 20'th Apr 2018

PERIOD 2018-01-22 - 2018-04-20
CHANGE -1.02%
PRICE $131.60
VOLUME
Sell
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

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WD-40 Company Stock Analysis

Technical stock analysis for Fri 20'th Apr 2018

Sell candidate since 2018-04-20

WD-40 Company fell by -1.02% in the last day from $132.95 to $131.60 and has now fallen 4 days in a row. The price has risen in 6 of the last 10 days and is up by 2.29% over the past 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 -30 524 shares and in total 30 951 shares bought and sold for approximately $4.07 million.

Shorts 30.87% ( 2018-03-29 )
Cash 358.4 mill
Loans 472.0 mill
Beta 0.54
ROA 14.01

Trend

WD-40 Company lies in the middle of a wide and weak 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 8.85% during the next 3 months and, with 90% probability hold a price between $136.33 and $150.69 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. WD-40 Company holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $133.56 and $131.62. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday April 17, 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)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

WD-40 Company finds support from accumulated volume at $131.00. On the upside the stock meets some resistance just above today's level from accumulated volume at $131.75, $133.00 and $133.70.

The stock is about to test the resistance from accumulated volume at $131.75 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $131.00 Price: $131.60 Resistance: $131.75

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.30 (0.99%) between high and low. For the last week, the stock has had a daily average volatility of 2.09%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

The WD-40 Company stock holds several negative signals and despite the positive trend we believe WD-40 Company will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell Candidate.

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