Whirlpool was supposed to be a benefactor from Mr Trumps tariff war, it has not worked out that way, raw material costs have had a very negative impact on manufacturing costs. Whirlpool has taken measures included innovative new products to tackle this downside and it seems to be working. We believe earnings will be good for WHR spurned by the increasing consumer...
Buckingham Research cautious
Shares of Whirlpool are up 7% over the last 90 days after an extended slide when tariff-related price hikes cut into consumer demand for products. -by Clark Schultz, SA News
BAML expects appliance volume to decline
WHR is approaching our first resistance at 127.45 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 92.84 (horizontal pullback support, 61.8% Fibonacci retracement).
RSI (55) is also approaching resistance where we might see a...
WHR is approaching our first resistance at 125.32 (horizontal overlap resistance, 23.6% fibonacci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 92.84 (horizontal pullback support, 61.8% fibonacci retracement).
RSI (55) is also approaching resistance and we might see a...
Shares of Whirlpool Corp (WHR) continue to decline but finally the stock chart has hit major support. The $115 level is a major pivot from 2010 with Whirlpool now almost 50% off its 2018 highs. Swing traders should look for a bounce back to $125-$130 in the coming weeks. This is a classic technical setup for investors.
On a purely technical basis, and relatively short-term at that, WHR has had rather volatile and chaotic price action. None of the classic and more reliable technical structures exist at the moment for WHR, but that does not mean there are no opportunities to play.
Given the current setup, I believe there are 3 potential scenarios:
1. The most bullish, an...