Analysis and Insights
To predict the stock price of Wolverine World Wide (WWW) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
- Analyst Ratings: Stifel Nicolaus and KeyBanc maintain a Buy rating with price targets of $27 and $26, respectively, while Telsey Advisory has a Hold rating.
- Insider Activity: Positive sentiment with increased insider purchases, including a significant buy by the CEO, indicating confidence.
- Valuation: The stock is trading at $14.43, below the average analyst target of $23.38, suggesting potential upside.
Technical Analysis:
- RSI: Oversold at 30.63, indicating a potential bounce.
- MACD: Negative but nearing a bullish crossover.
- Bollinger Bands: Trading near the lower band, suggesting undervaluation.
- Fibonacci Levels: Support at 13.19 and resistance at 14.27, with a potential target of 15.14.
Price Prediction:
Based on the analysis, the stock is expected to rise to $15.14 next week.
Recommendation:
Buy Wolverine World Wide (WWW) stock as it is undervalued with positive insider sentiment and bullish technical indicators.
Analysis and Insights
To predict the stock price of Wolverine World Wide (WWW) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
- Analyst Ratings: Stifel Nicolaus and KeyBanc maintain a Buy rating with price targets of $27 and $26, respectively, while Telsey Advisory has a Hold rating.
- Insider Activity: Positive sentiment with increased insider purchases, including a significant buy by the CEO, indicating confidence.
- Valuation: The stock is trading at $14.43, below the average analyst target of $23.38, suggesting potential upside.
Technical Analysis:
- RSI: Oversold at 30.63, indicating a potential bounce.
- MACD: Negative but nearing a bullish crossover.
- Bollinger Bands: Trading near the lower band, suggesting undervaluation.
- Fibonacci Levels: Support at 13.19 and resistance at 14.27, with a potential target of 15.14.
Price Prediction:
Based on the analysis, the stock is expected to rise to $15.14 next week.
Recommendation:
Buy Wolverine World Wide (WWW) stock as it is undervalued with positive insider sentiment and bullish technical indicators.