- Willdan Group (WLDN) shows strong technical momentum, hitting a new high on Aug. 13.
- Shares have gained more than 232% over the past year.
- Technical indicators are overwhelmingly bullish, including a 100% Barchart “Buy” opinion and Trend Seeker “Buy” signal.
- Despite positive momentum, WLDN is volatile and speculative. Strict risk management and stop-loss strategies are essential for investors.
Today’s Featured Stock
Valued at $1.74 billion, Willdan Group (WLDN) provides technical and consulting services to utilities and various government agencies. Nationwide, they enable their clients to realize cost and energy savings by providing a wide range of specialized services. These include energy efficiency and sustainability; engineering and planning; economic and financial consulting; and national preparedness and interoperability.
What I’m Watching
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. WLDN checks those boxes. Since the Trend Seeker signaled a buy on May 9, the stock gained 179.08%.
WLDN Price vs. Daily Moving Averages:
Barchart Technical Indicators for Willdan
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Willdan shares hit a new all-time high on Aug. 13, touching new highs above $120.47 in intraday trading.
- Willdan has a Weighted Alpha of +232.41.
- WLDN has an 100% “Buy” opinion from Barchart.
- The stock gained 232.86% over the past year.
- WLDN has its Trend Seeker “Buy” signal intact.
- Willdan is trading above its 20-, 50-, and 100-day moving averages.
- The stock made 15 new highs and gained 53.45% in the last month.
- Relative Strength Index (RSI) is at 88.01%.
- There’s a technical support level around $115.82.
Don’t Forget the Fundamentals
- $1.74 billion market capitalization.
- 38.77x trailing price-earnings ratio.
- Revenue is projected to grow 17.57% this year and another 11.24% next year.
- Earnings are estimated to increase 47.94% this year and an additional 11.13% next year.
Analyst and Investor Sentiment on Willdan
I don’t buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it’s hard to make money swimming against the tide.
It looks like Wall Street analysts are bullish on WLDN, but Morningstar is cautious.
- The Wall Street analysts tracked by Barchart have issued 2 “Strong Buy” opinions on the stock.
- Their price targets are between $120-$145.
- Value Line gives the stock its above-average rating.
- CFRA’s MarketScope Advisor gives the stock a “Hold” rating.
- Morningstar thinks the stock is overvalued by 15% with a fair value of $103.
- 123 individual investors on Motley Fool think the stock will beat the market while 9 think it won’t.
- 9,010 investors monitor the stock on Seeking Alpha, which rates the stock a “Hold.”
The Bottom Line on Willdan
Willdan Group currently has momentum and is hitting new highs. It’s possible that with the growth in energy demand driven by data centers, that their services may be in high demand.
I caution that WLDN is volatile and even speculative in the current environment, which means investors should use strict risk management and stop-loss strategies.
Today’s Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here.
Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
