Setting Up For A Move Higher: Weyerhaeuser Company (WY), BHP Group (BBL)

Weyerhaeuser Company (NYSE:WY) average daily volatility for this week is 2.14% which is less than the 2.18% recorded over the past month. Its shares dropped by -32.9% or -$12.63 from its last recorded high of $38.39 which it attained on December 06 to close at $25.76 per share. Over the past 52 weeks, the shares of Weyerhaeuser Company has been trading as low as $20.52 before witnessing a massive surge by 25.54% or $5.24. This price movement has led to the WY stock receiving more attention and has become one to watch out for. It dipped by -1.64% on Sunday and this got the market worried. The stock’s beta now stands at 1.64 and when compared to its 200-day moving average and its 50-day moving average, WY price stands -13.39% below and 1.6% above respectively.

Weyerhaeuser Company (WY) rose 0.9% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -27.19% and is now up by 17.84% since start of this year. A look at its monthly performance shows that the stock has recorded a 0.08% gain over the past 30 days. Its equity price climbed by 11.03% over the past three months which led to its overall six-month decrease to stand at -23.42%.

Experts from research firms are bullish about the near-term performance of Weyerhaeuser Company with most of them predicting a $29.73 price target on a short-term (12 months) basis. The average price target by the analysts will see a 15.41% rise in the stock and would lead to WY’s market cap to surge to $22.56B. The stock has been rated an average 1.9, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 12 analysts that track Weyerhaeuser Company (NYSE:WY) and find out that 3 of them rated it as a Hold. 9 of the 9 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at WY technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 55.09 point. Its trading volume has lost -770135 shares compared to readings over the past three months as it recently exchanged 4599865 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 5370000 shares, and this is 0.86 times the normal volume.

The price of BHP Group (NYSE:BBL) currently stands at $46.15 after it went down by $-1.18 or -2.49% and has found a strong support at $45.9 a share. If the BBL price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $45.66 mark would also be bad for the stock as it means that the stock would plunge by 1.06% from its current position. However, if the stock price is able to trade above the resistance point around $46.62, then it could likely surge higher to try and break the upward resistance which stands at $47.1 a share. Its average daily volatility over the past one month stands at 1.13%. The stock has plunged by 0.04% from its 52-weeks high of $46.13 which it reached on Feb. 27, 2019. In general, it is 21.45% above its 52-weeks lowest point which stands at $36.25 and this setback was observed on Nov. 27, 2018.

Analysts have predicted a price target for BHP Group (BBL) for 1 year and it stands at an average $52/share. This means that it would likely increase by 12.68% from its current position. The current price of the stock has been moving between $46.13 and $46.85. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $52. On the other hand, one analyst is super bullish about the price, setting a target as high as $52.

The BBL stock Stochastic Oscillator (%D) is at 73.31%, which means that it is currently neutral. The shares P/S ratio stands at 2.97 which compares to the 3928.25 recorded by the industry or the 12.8 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 16.35, which is higher than the 13.18 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -6.4% over the past five years.

Analysts view BHP Group (NYSE:BBL) as a Hold, with 2.5 consensus rating. Reuters surveyed 4 analysts that follow BBL and found that 3 of those analysts rated the stock as a Hold. The remaining 1 were divided, with 1 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying BHP Group (BBL) shares or sell it if they already own it.