Weyerhaeuser stock: buy or sell
Jan 18th, 2021
Weyerhaeuser stock brief
- Weyerhaeuser stock slightly moved -0.46% to close at $32.52 on the stock market last Friday.
- 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?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 we expect a selloff for $WY in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Weyerhaeuser stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the correct moment to sell and get your benefits. Just as when we have to buy shares, choosing when is the best time to sell is not a whimsical decision, and we must follow our own trading style. Our trading system selects very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups are not intended for shorting Weyerhaeuser stock
As a rule of thumb, you should not hold an investment that results in losses greater than those expected at the time of purchase. The timing to sell shares always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell Weyerhaeuser stock?
In the current situation of Weyerhaeuser there is not any eligible sell setup, so Weyerhaeuser stock holders with operations in profit can keep their positions
In the previous month we couldn't find any rating for Weyerhaeuser
Weyerhaeuser stock analysis
Supports and resistances
The current resistance levels are:
The current supports are:
Since the price broke down the lower band last Wednesday, the price bounced by 1.31%. The price is trading near to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy signal, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in mid-December after just crossing to the overbough zone for just one day (weak signal). The RSI value last Friday was 50.24. Since that level was lost, Weyerhaeuser price collapsed a 3.62%
Weyerhaeuser stock price history
Weyerhaeuser started trading priced at an adjusted price1 of $4.10 on May 1973. Since then, WY stock surged by 693.17%, with an average of 14.75% per year. An investment of thousand dollars on May 1973 would be valued $7,931.71 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Weyerhaeuser stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.
The following table shows the price target posted by analysts for the last 30 days. Again, these estimates are not direct recommendations for small investors and must not be trusted blindly.
We don't have any target price published in the last 4 weeks for Weyerhaeuser.
Earnings and financials
Financial event was hosted by Weyerhaeuser ($WY) last October after releasing the earnings report. Weyerhaeuser topped consensus earnings estimates and posted of $0.52, that is a 10.64% improvement compared to the initial forecasts of $0.47. However, reported revenues of $2.1 billion were in line with Wall St. forecasts.For comparison, the EPS for the same quarter last year was $0.08, so posted EPS means a increase of 550.00%. Looking at sales, figures exploded a 26.27% compared to $16.7B same quarter 12 months ago.
Weyerhaeuser ($WY) is hosting the quarterly earnings call on Friday next week. Market analysts analysts estimate of $0.43, that is a 17.31% less than previous quarter.
Disclaimer:The opinions published in this post are personal and not recommendations for you to buy or sell shares. The author of this document does not know the individual conditions of the reader, his or her 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 Opinions are posted for education purposes only
|Friday, January 15th, 2021|
|Day range||$31.89 - $32.65|
|Average true range||$0.80|
|50d mov avg||$31.06|
|100d mov avg||$29.88|
|200d mov avg||$26.20|
|Earnings date||January 29th, 2021|