Wabash National Corporation : The technical rebound will come to an end
Entry price | Target | Stop-loss | Potential |
---|
US$8.96 |
US$6.37 |
US$10.5 |
+28.91% |
---|
The technical chart pattern of the Wabash National Corporation stock clearly favors bearish reversal after a technical rebound over the last trading sessions.
Summary● The company usually posts poor financials for mid or long term investments.
● The company has poor fundamentals for a short-term investment strategy.
Weaknesses● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● Low profitability weakens the company.
● The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
● For the past seven days, analysts have been lowering their EPS expectations for the company.
● For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
● For the past year, analysts have significantly revised downwards their profit estimates.
● The underlying tendency is negative on the weekly chart below the resistance at 10.28 USD
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