Double Bottom Speculative
Possible double bottom formed on WHR- confirmed after passing 1160 via volume/3 day rule etc. There is a very high probability that the pattern tests 162 area but also a good chance that it retreats from there. SP currently sitting near 61.8% retrace from 2021 highs to 2020 lows implying a demand zone.
Currently has div yield of 5.17% at a payout ratio of only 41.15 and a decent 5 year growth rate ( for the mkt cap of company) of 9.73%.
WHR's Fwd GAAP PE is less than 18.42% of the sector's. EV/EBITDA TTM is 3% below sector's, but 31.8% above WHR's 5 year avg. WHR's Shiller PE ratio range over last 10 years is 8.74 to a max of 30, so its currently below mid-range at 15.4.
However WHR is susceptible to macro economic headwinds. There is a good chance that even a mild recession combined with WHRs recent deterioriating fundamentals causes the current intermediate pattern to fail and brings price down to a new demand zone near $100.
WHR seems like it may be a good deal and has some short term technical characteristics in its favor but the odds seem in favor of the price falling further- Be cautious and consider averaging in over time if you do start a posit.
Currently has div yield of 5.17% at a payout ratio of only 41.15 and a decent 5 year growth rate ( for the mkt cap of company) of 9.73%.
WHR's Fwd GAAP PE is less than 18.42% of the sector's. EV/EBITDA TTM is 3% below sector's, but 31.8% above WHR's 5 year avg. WHR's Shiller PE ratio range over last 10 years is 8.74 to a max of 30, so its currently below mid-range at 15.4.
However WHR is susceptible to macro economic headwinds. There is a good chance that even a mild recession combined with WHRs recent deterioriating fundamentals causes the current intermediate pattern to fail and brings price down to a new demand zone near $100.
WHR seems like it may be a good deal and has some short term technical characteristics in its favor but the odds seem in favor of the price falling further- Be cautious and consider averaging in over time if you do start a posit.
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