WINNEBAGO INDUSTRIES (WGO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WGO - US9746371007 - Common Stock
Overall WGO gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WGO is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- WGO is one of the better performing stocks in the Automobiles industry, it outperforms 79% of 35 stocks in the same industry.
- WGO 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 WGO is lagging the market slightly.
- In the last month WGO has a been trading in the 39.29 - 47.74 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that WGO is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although WGO has an excellent technical rating, it does not offer a high quality setup 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
28.58
We found 6 important support areas.
- A support zone ranging from 41.89 to 42.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 39.99 to 40.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.24 from a trend line in the daily time frame.
- Support @30.81 from a trend line in the weekly time frame.
- Support @29.62 from a horizontal line in the daily time frame.
- Support @28.87 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 | 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 | 85.04 | POSITIVE | WGO has a high relative strength, it outperformed 85.04% 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) | 70.31 | OVERBOUGHT | The high RSI value suggests WGO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests WGO has a positive trend. |
| Stochastics (14,3) | 94.68 | OVERBOUGHT | The high Stochastics value suggests WGO may be overbought. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for WGO suggests some volalility. |
| Average Directional Index/ADX (14) | 36.12 | POSITIVE | The high ADX value value for WGO suggests a strong trend. |
46.09
+0.02 (+0.04%)
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 70.3063. This indicates that the stock is currently overbought.
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 42.43. Check the full technical report for our detailed analysis of WGO support and resistance levels.