EUROPEAN WAX CENTER INC-A (EWCZ) Technical Analysis
NASDAQ:EWCZ • US29882P1066
Current stock price
EWCZ Technical Rating and Analysis
Taking everything into account, EWCZ scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, EWCZ has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- EWCZ is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 91% of 73 stocks in the same industry.
- EWCZ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EWCZ is performing more or less in line with the market.
- Looking at the yearly performance, EWCZ did better than 93% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month EWCZ has a been trading in a tight range between 5.70 and 5.80.
- Considerably lower volume is observed in the last couple of days.
EWCZ Weekly and Daily overview Charts
EWCZ Setup Rating and Analysis
EWCZ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.76, a Stop Loss order could be placed below this zone.
More info and screens
EWCZ Support and Resistance Analysis
3.25
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.71 to 5.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.62 to 3.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.28 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.78 to 5.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
EWCZ 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 | UP | POSITIVE | The long term trend for EWCZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWCZ is up. |
| ChartMill Relative Strength | 93.81 | POSITIVE | EWCZ has a high relative strength, it outperformed 93.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWCZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWCZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWCZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.19 | OVERBOUGHT | The high RSI value suggests EWCZ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EWCZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.33 | NEUTRAL | The Stochastics value for EWCZ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.45 | LOW VOLATILITY | The low ATR as a percentage value for EWCZ suggests low volalility. |
| Average Directional Index/ADX (14) | 64.41 | POSITIVE | The high ADX value value for EWCZ suggests a strong trend. |
EWCZ Chart- and CandleStick Pattern Analysis
EWCZ Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.81 | 5.72 | 0.09 (1.55%) | 25.00% |
| An entry @5.81. This is a Buy Stop order right above the resistance zone. | An exit @5.72. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 1.55%. | For a 0.39% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EWCZ Technicals: Chart, Performance Metrics, Trend & Indicators
5.77
0 (0%)
EUROPEAN WAX CENTER INC-A / EWCZ TA FAQ
What is the technical rating for EWCZ stock?
ChartMill assigns a technical rating of 9 / 10 to EWCZ.
What is the current trend direction of EUROPEAN WAX CENTER INC-A (EWCZ) stock?
The current trend direction for EUROPEAN WAX CENTER INC-A (EWCZ) is Bullish.
What is the RSI signal for EUROPEAN WAX CENTER INC-A (EWCZ) stock?
EUROPEAN WAX CENTER INC-A (EWCZ) has an RSI value of 76.1949. This indicates that the stock is currently overbought.
What is the MACD signal for EUROPEAN WAX CENTER INC-A (EWCZ) stock?
The MACD indicator for EUROPEAN WAX CENTER INC-A (EWCZ) has a value of -0.0591076, indicating a bearish trend.
Can you provide the support and resistance levels for EUROPEAN WAX CENTER INC-A?
EUROPEAN WAX CENTER INC-A (EWCZ) has a support level at 5.76 and a resistance level at 5.78. Check the full technical report for our detailed analysis of EWCZ support and resistance levels.