EUROPEAN WAX CENTER INC-A (EWCZ) Stock Technical Analysis
NASDAQ:EWCZ • US29882P1066
Overall EWCZ gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EWCZ is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- EWCZ is part of the Diversified Consumer Services industry. There are 75 other stocks in this industry. EWCZ outperforms 85% of them.
- EWCZ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EWCZ is lagging the market slightly.
- In the last month EWCZ has a been trading in the 3.83 - 5.75 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that EWCZ is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
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 5.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.72, a Stop Loss order could be placed below this zone.
More info and screens
3.25
3 important support areas can be observed.
- A support zone ranging from 5.68 to 5.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.57 to 3.57. 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.
We found 1 important resistance area.
- A resistance zone ranging from 5.74 to 5.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 75.65 | POSITIVE | EWCZ has a high relative strength, it outperformed 75.65% 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) | 80.72 | OVERBOUGHT | The high RSI value suggests EWCZ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EWCZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.76 | OVERBOUGHT | The high Stochastics value suggests EWCZ may be overbought. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for EWCZ suggests some volalility. |
| Average Directional Index/ADX (14) | 49.98 | POSITIVE | The high ADX value value for EWCZ suggests a strong trend. |
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 | 5.69 | 0.12 (2.07%) | 25.00% |
| An entry @5.81. This is a Buy Stop order right above the resistance zone. | An exit @5.69. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.12 points, which is 2.07%. | For a 0.52% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EWCZ. Please evaluate whether better entry and exit points can be found.
- 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.
5.73
0 (0%)
EUROPEAN WAX CENTER INC-A / EWCZ FAQ
What is the technical rating for EWCZ stock?
ChartMill assigns a technical rating of 8 / 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 80.7209. 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 0.0346113, 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 5.72 and a resistance level at 5.74. Check the full technical report for our detailed analysis of EWCZ support and resistance levels.