Weyerhaeuser stock: buy or sell
Jul 29th, 2021
Weyerhaeuser stock brief
- Weyerhaeuser stock slided -1.38% to close at $34.37 on the stock market on Wednesday, breaking a streak of 6 sessions in green.
- Weyerhaeuser is presenting its earnings report on Friday
- From the chart point view, price is drawing an scaled downtrend since last May with lower tops and lower bottoms. shares price lost a -17.16% since the downtrend started.
- Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.
Should I buy Weyerhaeuser 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 $WY stock a buy?
In the current situation of Weyerhaeuser there is not any eligible buy setup. This doesn't mean $WY will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Weyerhaeuser stock?
Knowing when to sell a stock is even harder than knowing when to buy it. In the same way as when we have to buy shares, deciding when is the best time to sell is not a whimsical decision, and we must adhere our own trading style. When selling, as well as buying, our strategies are very simple to follow but are only valid for selling shares you already own, not for selling short Weyerhaeuser stock
A golden rule is that you must never keep a trading operation that shows a losses greater than those expected by the time of purchase. The timing to sell shares should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Weyerhaeuser stock?
Currently, Weyerhaeuser stock doesn't match any of our preferred sell setups, so if you own Weyerhaeuser stock and your operation is in profit probably is not time to sell now
We don't have any rating posted in the previous month for Weyerhaeuser
Weyerhaeuser stock analysis
Weyerhaeuser continues trending lower since last May, and has lost a -17.16%. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 3 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price broke down the lower band on July 19, the price has bounced off by 5.27%
Relative strength index
The RSI crossed up the oversold line of 30 in mid-June after just being in the oversold zone for a single day (what can be considered a strength signal). The RSI reading on Wednesday was 47.46
Weyerhaeuser stock price history
Weyerhaeuser went public priced at an adjusted price1 of $1.51 on May 1973. Since then, WY stock has risen by 2,176.16%, with an average of 45.34% per year. An investment of thousand dollars on the IPO would be valued $22,761.59 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Weyerhaeuser stock
Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
The following table shows the price target released by analysts in the last month. Again, these targets are not direct recommendations for individual investors and should not be followed blindly.
In the last 30 days we couldn't find any price target published for Weyerhaeuser stock.
Earnings and financials
Weyerhaeuser ($WY) is posting financial report on Friday. Wall Street analysts predict of $1.38, that is a 51.65% more than previous quarter. Sales estimates for are $3.1 billion.
Stocks presenting earnings usually show a much higher volatility in its price while market is closed and the day after. This extended trading range in price means that your stop-loss orders may become ineffective or may trigger far from your aimed price. Have a look company's website to confirm time and details on the earnings call and the earnings report.
Last April, Weyerhaeuser Company ($WY) reported EPS for that matched analysts' expectations. Quarterly EPS was $0.91 per share compared to the forecasted $0.91. Reported sales were $2.5 billion, consistent with the market estimates as well.This compares to Earnings of $0.18 per share same quarter last year, so reported EPS means an increase of 405.56%. Looking at turnover, figures skyrocketed a 45.02% compared to $17.3B year over year.
Please read:The thoughts expressed in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the particular positions of the reader, his or her own finances 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 Comments are expressed for educative motives only
|Wednesday, July 28th, 2021|
|Day range||$34.31 - $35.02|
|Average true range||$1.03|
|50d mov avg||$35.25|
|100d mov avg||$36.14|
|200d mov avg||$33.71|
|Earnings date||July 30th, 2021|