Willdan Group Inc. (WLDN)

Willdan stock forecast: buy or sell

Willdan stock outlook

  • Willdan stock exploded 3.54% to close at $23.38 on the stock market yesterday, breaking a streak of 3 sessions in positive.
  • From the chart point view, price is drawing a scaled uptrend since late March with higher tops and higher bottoms. Up to date, price marked a 30.47% gain since the beginning of this rally
  • Willdan Group, Inc., together with its subsidiaries, provides professional, technical and consulting services primarily in the United States.
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Please read:
The opinions contained in this article are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the specific circumstances of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for general educational purposes only

Willdan stock chart overview

Should I buy Willdan stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is WLDN stock a buy?

In the current situation of Willdan there is just one buy setup eligible:

Uptrend buy setup

Willdan stock is in an uptrend since in late March that so far has marked a gorgeous 30% gain. Price marked a pull back in this uptrend at $21.62 on June 26, and since then it bounced up a 8.14%. Now, it's only 20.62% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $28.20. If you decide to enter this trade, the suggested stop loss is at $25.38

Buy setupBuy pointStop lossRisk
Uptrend buy setup$28.20$25.3810%
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Should I sell Willdan stock?

"To sell or not to sell", if you are holding Willdan stock?. Trading strategies prevent us from making impetuous decisions based on our personal sentiments or the noise surrounding the market. Our trading system selects very simple strategies to guide us on when is the best time to sell a stock. Be aware that these strategies are not intended for shorting WLDN stock

As a golden rule, you should never keep an investment that yields losses greater than those expected at the time of the buy. When to sell your stock should always be ruled by the stop-loss (automatic or manual)

Is it time to sell Willdan stock?

In the current situation of Willdan there is not any eligible sell setup, so Willdan stock holders with operations in profit can keep their positions

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Analysts' recommendations to buy or sell Willdan stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the previous month we couldn't find any rating for Willdan

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Technical analysis

Willdan stock started an uptrend in late March, and grew an amazing 30.47%. The price shows higher peaks and higher troughs, and along the way gave some buy points for those who wanted to trade in. Latest low was on June 26, when price bounced at $21.62. Like in all uptrends, price needs to take breath and now price is consolidating the gains in a range between $28.20 and $21.62

SMAs overview

Moving averages are indicators for traders to detect market direction. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Traders use supports and resistances to identify price points on a chart that tend to behave as glass ceiling, preventing the price of an asset to move in certain direction. A support level is a level where the price tends to find support as it falls. Price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down this level, it is likely to continue falling until finding another support level. In contrast, a resistance level is where the price may find resistance as it rises. Again, this means that the price is more liable to "bounce off" at this level, and if it finally ruptures this level, the price will rally easily until it finds the next resistance

The current resistances are:

  • R1: $23.50 (0.51% above)
  • R2: $23.87 (2.1% above)
  • R3: $25.11 (7.4% above)
  • The current support levels are:

  • S1: $22.35 (-4.41% below)
  • S2: $21.62 (-7.53% below)
  • S3: $21.36 (-8.64% below)
  • Bollinger bands

    This is an indicator that was created in the 1980s by John Bollinger. Fundamentally, the Bollinger Bands are bands that move around a centralmoving average and vary the distance from the bottom to the top depending on market volatility. They are usually drawn by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Since the price broke down the lower band on June 26, the price has bounced up by 8.14%

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. Its objective is to plot the current and historical weakness or strength of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s

    When the Relative Strength Indicator stays for so long below 70 and above 30, without indicating moments of overvaluation and undervaluation, the indicator turns out to be of little use, and we currently are in one of these situations.

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    Earnings and financials

    In early May, Willdan hosted the earnings event and posted the Q1 report. Willdan missed analysts estimates and presented earnings of %s a share of $-0.13, that is a -186.67% worse than the predictions of $0.15. Reported revenues were $49.6 million compared to estimates of $38.2 million.

    For comparison, the EPS for the same quarter last year was $0.22, so posted EPS is a decrease of -159.09%. Looking at revenues, figures skyrocketed a 21.44% compared to $40.9M same quarter 12 months ago.

    Willdan is hosting the quarterly earnings call on late next July. Expected Earnings per Share for this quarter is $0.37. Financial reporting day has a more than usual risk for stock investors as the information published can soar and sink the stock price with exceptionally low liquidity and not respecting your buy or stop-loss orders. Check company's website to confirm time and details on the earnings call and the earnings report.

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