WD-40 CO (WDFC) Stock Technical Analysis
NASDAQ:WDFC - Nasdaq - US9292361071 - Common Stock - Currency: USD
Taking everything into account, WDFC scores 0 out of 10 in our technical rating. WDFC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, WDFC is a bad performer in the overall market: 83% of all stocks are doing better.
WDFC is one of the lesser performing stocks in the Household Products industry. 72% of 12 stocks in the same industry do better.
WDFC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month WDFC has a been trading in the 209.50 - 229.59 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, WDFC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 216.71, a Stop Loss order could be placed below this zone.
More info and screens
208.21
253.43
We found 2 important support areas.
- A support zone ranging from 214.02 to 216.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 210.31 to 210.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 228.52 to 231.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @240.75 from a horizontal line in the daily time frame.
- A resistance zone ranging from 245.51 to 246.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @250.92 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for WDFC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WDFC is down. |
| ChartMill Relative Strength | 17.47 | NEGATIVE | WDFC has a low relative strength, it was outperformed by 82.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WDFC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WDFC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WDFC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.06 | NEUTRAL | The RSI value for WDFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.31 | POSITIVE | The MACD value suggests WDFC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.85 | OVERBOUGHT | The high Stochastics value suggests WDFC may be overbought. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for WDFC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.12 | NEGATIVE | The low ADX value for WDFC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
217.88
-1.6 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryHousehold Products
Performance
% Chg-0.73%
1 Week1.5%
2 Weeks3.37%
1 Month-3.98%
3 Month-11.31%
6 Month-5.57%
12 Month-14.43%
2 Year1.4%
3 Year15.18%
5 Year6.61%
10 Year160.19%
15 Year519.51%
Volatility
ATR(14)4.11
ATR(20)%2.05%
ATR Inc-37.69%
Range Today3.36
ADR(20)4.37
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.47
Mansfield-1.77
10 Day High221.58
10 Day Low209.5
20 Day High229.59
20 Day Low209.5
52 Week High292.36
52 Week Low208
CS1 End216.71
CR1 Start228.52
Volume & EV
DER(3)-0.61%
DER(5)-0.82%
Volume81.10K
Volume Incr-52.85%
Vol(5)94.36K
Vol(50)222.38K