10-25-2024: W D 40 Company: Swing Tradeable?
General Description & Statistics
Company Website Excerpts
Charts
Statistics & Analysts' Estimates
Management's Discussion of Results of Operations Excerpts
Competitors
Financial Statements
Zenith Index Conclusion
W D 40 is a safe stock to trade with few surprises and likely to stay within a swing trading range.
10-11-2024: Pennant Investment Corp.: 7 % Per Annum Paid Out Monthly
10-19-2024: Centrus Energy, Inc. (LEU): World's Only Publicly Held Nuclear Fuels Processor
Trading in stocks involves risk, and past performance is no guarantee of future profits. Zenith doesnot sell advice nor does it manage discretionary accounts other
than its own. Readers should be aware of the vested interest that all traders / brokers have in encouraging other traders to make the same transactions.
No one should follow investment advice blindly. This web site should be used only as a "sounding board" for confirming one's own opinion. Any suggested order placements should
be reviewed and reset to fit current market conditions by individual traders.
At 3 A.M. in the morning, when our traders like to work, we struggle to bring our website back on line to its former glory. Fat chance! In trying to find a standard format, we use a lot of Barchart stuff only to find Barchart's site goes down at 3 A.M. with a note, "Be right back!" Sorry, we can't wait for you and must move on. The world has changed. Much of the free stuff is gone, replaced by subscription offerings replacing outright sale of software, exchanges making it more difficult for the little guy, and so we must adapt. W D 40 Company (WDFC) looked attractive to us because of its chart pattern which was deprecated by most subscription sites. We are not expecting W D 40 to go to the moon nor are greedy for 100% profits. This stock has a possible potential for a steady bit of in-and-out trading as represented by many crossovers of the popular MACD line. Our chart below is sourced from Metastock, where we learn the way it analyzes MACD is a little different from others. It takes a moving average of the MACD index and compares it to the current MACD Index, wherein it looks for that sort of crossover. From the charts below, it appears the MACD might not be the greatest indicator to use on WD40, at least not as interpreted by Metastock. We quickly are reminded, as are all successful traders, that one must do his own thinking and never depend upon others to advise when to buy or sell. That means developing one's own indicators which are thoroughly understood, and upon which we are working to restore our site to its former glory with many changes imposed by a changing world of brokers, software companies, and actual trading. We are hoping to eventually standardize our format, but for now, we are forced to piecemeal thoughts together, stressing we are in a development stage once again, so this site for the moment is just information, not recommendation.
Something called MFI Divergence below appears to be Metastock's "highest profit potential." The problem is it was due to a big move early on, followed by what we regard as less ambitious short term swing trading opportunities, which the trend spotters will miss. This is a reactive stock, reflecting its steady business.
Note the big discrepency between Zack's analysts recommendations (below) and Barchart's (above). We wouldn't recommend depending upon either of them, as one should make one's own analysis. Who knows how much work the "analysts" actually put in or what influenced their recommendations? Still, it's important to be aware, as analysts influence other traders who will act on their advice. In this case we seem to be somewhere near the middle, where we want to be for short term swing trading.
Archive List