WD-40 CO (WDFC) Stock Technical Analysis
NASDAQ:WDFC • US9292361071
Overall WDFC gets a technical rating of 8 out of 10. Although WDFC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- WDFC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WDFC is lagging the market slightly.
- WDFC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the performance of all stocks over the past year, WDFC turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
- WDFC is part of the Household Products industry. There are 12 other stocks in this industry, WDFC did better than 54% of them.
WDFC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 244.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 242.00, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WDFC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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185.64
3 important support areas can be observed.
- A support zone ranging from 236.09 to 242.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @191.56 from a horizontal line in the daily time frame.
- Support @187.52 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 244.73 to 246.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WDFC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WDFC is up. |
| ChartMill Relative Strength | 68.36 | NEUTRAL | WDFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WDFC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WDFC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WDFC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.67 | NEUTRAL | The RSI value for WDFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.92 | NEGATIVE | The MACD value suggests WDFC has a negative trend. |
| Stochastics (14,3) | 54.53 | NEUTRAL | The Stochastics value for WDFC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for WDFC suggests some volalility. |
| Average Directional Index/ADX (14) | 27.86 | POSITIVE | The high ADX value value for WDFC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 246.64 | 236.08 | 10.56 (4.28%) | 23.36% |
| An entry @246.64. This is a Buy Stop order right above the resistance zone. | An exit @236.08. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.56 points, which is 4.28%. | When investing 23.36% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of WDFC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
242.15
-3.57 (-1.45%)
WD-40 CO / WDFC FAQ
What is the technical rating for WDFC stock?
ChartMill assigns a technical rating of 8 / 10 to WDFC.
What is the trend direction for WDFC stock?
The current trend direction for WD-40 CO (WDFC) is Bullish.
What is the RSI signal for WD-40 CO (WDFC) stock?
WD-40 CO (WDFC) has an RSI value of 60.6687. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for WD-40 CO?
The buy/sell signal for WD-40 CO (WDFC) is buy as both the short term and long term trends are positive.
What is the support and resistance level for WDFC stock?
WD-40 CO (WDFC) has a support level at 242 and a resistance level at 244.73. Check the full technical report for our detailed analysis of WDFC support and resistance levels.