WES:ASXWesfarmers Limited Analysis

Wesfarmers Limited is priced at AUD 90.10 and its moving averages line up in bullish order, the shorter sitting above the longer. RSI sits at 53.1, which reads as neutral, and MACD momentum is bearish. Price has been bracketed by support at AUD 86.01 and resistance at AUD 93.25.
The shares look overvalued at 33.4 times earnings, though no sector average was available for comparison. The average analyst target implies 14.7% below today's level. Revenue is growing at 3.1% on a 6.6% profit margin. The 2.36% dividend yield looks covered by current payout levels.
The composite risk read is 3/10, putting it in low territory. With 30-day volatility of 21.4%, a beta of 0.26 and a maximum drawdown of 24.8%, the drawdown profile is forgiving relative to most of the market. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
The horizons line up on hold — conviction 2 out of 10.