CWEB Technical Analysis - CHARLOTTES WEB HOLDINGS INC

Technical Rating and Analysis

Overall CWEB gets a technical rating of 7 out of 10. In the last year, CWEB was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

CWEB is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 87% of 34 stocks in the same industry.

CWEB is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month CWEB has a been trading in the 0.13 - 0.27 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

Looking at the yearly performance, CWEB did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CHARLOTTES WEB HOLDINGS INC / CWEB Weekly stock chart

CHARLOTTES WEB HOLDINGS INC / CWEB Daily stock chart

Setup Rating and Analysis

Although CWEB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.13

0.26

When analyzing the support we notice one important area.

A support zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for CWEB.CA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CWEB.CA is neutral.
ChartMill Relative Strength	88.78	POSITIVE	CWEB.CA has a high relative strength, it outperformed 88.78% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CWEB.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CWEB.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CWEB.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	82.37	OVERBOUGHT	The high RSI value suggests CWEB.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests CWEB.CA has a positive trend.
Stochastics (14,3)	57.05	NEUTRAL	The Stochastics value for CWEB.CA is a neutral value.
Average True Range in percent/ATR (20)	5	MEDIUM VOLATILITY	The ATR as a percentage value for CWEB.CA suggests some volalility.
Average Directional Index/ADX (14)	29.15	POSITIVE	The high ADX value value for CWEB.CA suggests a strong trend.