WINNEBAGO INDUSTRIES (WGO) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:WGO • US9746371007
We assign a technical rating of 9 out of 10 to WGO. Both in the recent history as in the last year, WGO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- WGO is part of the Automobiles industry. There are 35 other stocks in this industry. WGO outperforms 82% of them.
- WGO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month WGO has a been trading in the 43.15 - 50.16 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, WGO did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although WGO has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
28.55
When analyzing the support we can see 5 important areas.
- A support zone ranging from 45.90 to 46.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.61 from a trend line in the daily time frame.
- Support @31.05 from a trend line in the weekly time frame.
- Support @29.62 from a horizontal line in the daily time frame.
- Support @28.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @48.80 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for WGO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WGO is up. |
| ChartMill Relative Strength | 80.55 | POSITIVE | WGO has a high relative strength, it outperformed 80.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.02 | NEUTRAL | The RSI value for WGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WGO has a negative trend. |
| Stochastics (14,3) | 83.22 | OVERBOUGHT | The high Stochastics value suggests WGO may be overbought. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for WGO suggests some volalility. |
| Average Directional Index/ADX (14) | 30.61 | POSITIVE | The high ADX value value for WGO 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 |
|---|---|---|---|
| 48.81 | 45.89 | 2.92 (5.98%) | 16.72% |
| An entry @48.81. This is a Buy Stop order right above the resistance zone. | An exit @45.89. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.92 points, which is 5.98%. | For a 1.00% total portfolio risk, you can invest 16.72% of your capital in this trade. |
- 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.
48.79
-0.24 (-0.49%)
WINNEBAGO INDUSTRIES / WGO FAQ
Can you provide the ChartMill technical rating for WINNEBAGO INDUSTRIES?
ChartMill assigns a technical rating of 9 / 10 to WGO.
What is the trend direction for WGO stock?
The current trend direction for WINNEBAGO INDUSTRIES (WGO) is Bullish.
What is the RSI signal for WINNEBAGO INDUSTRIES (WGO) stock?
WINNEBAGO INDUSTRIES (WGO) has an RSI value of 63.0235. This indicates that the stock is currently neutral.
What is the buy/sell signal for WGO stock?
The buy/sell signal for WINNEBAGO INDUSTRIES (WGO) is buy as both the short term and long term trends are positive.
What is the support and resistance level for WGO stock?
WINNEBAGO INDUSTRIES (WGO) has a support level at 46.23 and a resistance level at 48.8. Check the full technical report for our detailed analysis of WGO support and resistance levels.