Winnebago Industries (WGO) is due to report their latest quarterly numbers before Friday's market open. Let's check the tires and the charts.
In this daily bar chart of WGO, below, we can see that prices have been traveling sideways the past 12 months. You can use your imagination to draw a horizontal line across $70 to "see" the sideways trend. Prices have crisscrossed the moving averages several times.
The On-Balance-Volume (OBV) line has been in a decline since March and that is not positive. The Moving Average Convergence Divergence (MACD) oscillator has been moving sideways around the zero line for several months.
We are not encouraged by this weekly Japanese candlestick chart of WGO, below. Prices have traded sideways the past year. The slope of the 40-week moving average line is cresting.
The weekly OBV line has declined since February and the MACD oscillator is barely above the zero line.
In this daily Point and Figure chart of WGO, below, we can see a potential downside price target in the $59 area.
In this weekly Point and Figure chart of WGO, below, we can see a price target in the $48 area.
Bottom line strategy: I have no special knowledge or information about what WGO might report on Friday. The charts and indicators look like "weakish" and I would avoid the long side of WGO for now.