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Willdan Group Inc. (WLDN)

Willdan stock forecast: buy or sell

Close on Sep 29th, 2020
$28.44 0.00%
3 months performance
0.15%
Published: September 29th, 2020 - 10.16pm EDT

Willdan stock outlook

  • Willdan closed today at $28.44 (-0.25%) prior to reporting financial results at
  • In mid-August price started dropping and printed 2 consecutive lower tops. this downtrend marked a -5.45% loss.
  • Willdan Group, Inc., together with its subsidiaries, provides professional, technical and consulting services primarily in the United States.

Important note:
The thoughts published in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not know the particular circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for informational reasons only

Willdan stock charts

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?

Currently, Willdan stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean WLDN will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Willdan stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies let us to avoid impulsive decisions based on our moods or the buzz that surrounds the market. Our trading system selects very simple setups to guide us on when is the best moment to sell a stock. Be aware that these setups should not be used for shorting Willdan stock

As a golden rule, you must never mantain a trading operation that generates losses greater than those expected by the time of the buy. The moment to sell your stock always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Willdan stock?

Currently, Willdan stock doesn't match any of our preferred sell setups, so if you hold Willdan shares and your operation is in profit probably is not time to sell now

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 30 days we couldn't find any rating for Willdan

Technical analysis

Willdan continues trending lower since mid-August, and has accumulated a selloff of -5.45%. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 3 consecutive lower tops

SMAs overview

Moving averages are simple tools for investors to gauge momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

WLDN SMAs chart

Supports and resistances

Investors use supports and resistances as a way to find price points on a chart that tend to act as barriers, preventing the price of shares to move in certain direction. Supports are levels where the price may stop as it falls. Price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down the support, it will probably continue falling until approaching another support level. On the contrary, resistance levels are where the price tends to find opposition as it moves up. In the same manner, the price is more liable to "bounce off" at this level, and if it finally ruptures this level, it will rise easily until it meets the next resistance

The current resistances are:

  • R1: $28.75 (1.09% above)
  • R2: $28.98 (1.9% above)
  • R3: $29.04 (2.11% above)
  • The current supports are:

  • S1: $28.20 (-0.84% below)
  • S2: $28.04 (-1.41% below)
  • S3: $27.61 (-2.92% below)
  • Bollinger bands

    So-called Bollinger bands are a well-established practice that was created by John Bollinger. The Bollinger Bands are lines that run around a moving average and vary the distance from the bottom to the top depending on market volatility. They are usually drawn by an interval 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 last Wednesday, the price has bounced off by 8.26%

    WLDN RSI chart

    Relative strength index

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

    The Relative Strength Indicator has been between the levels of 70 and 30 for several weeks, and therefore, without this indicator really being of any help to us in making any decisions.

    WLDN RSI chart

    Earnings and financials

    Willdan Group Inc. (WLDN) published second-quarter earnings of $0.17 per share, highly uplifting the analysts consensus estimate of $-0.11 per share. This quarterly report represents an earnings surprise of 254.55%. Predicted turnover for Q2 was $39.1 million but Willdan strongly enhanced by 113.52%, reporting $83.5 million.

    Compared to the same quarter one year ago, EPS was $0.43, so posted EPS is a drop of -60.47%. Turnover sank a -19.97% on an annualized basis in the second-quarter, from $104.4M to $83.5M last quarter.

    Willdan is releasing earnings report. Earnings reporting day has an additional risk for stock investors as the data published can jump up or down the stock price with exceptionally low volume and not respecting your buy/stop-loss orders. You can probably uncover more information about the earnings conference call and the financial reports on the Investor Relations section of its website: http://www.willdan.com.

    WLDN revenues and profits chart