Double Bottom Speculative
Possible double bottom formed on WHR- confirmed after passing 
160 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.
160 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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.