EUROPEAN WAX CENTER INC-A (EWCZ) Stock Technical Analysis
NASDAQ:EWCZ - Nasdaq - US29882P1066 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to EWCZ. In the past year, EWCZ was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, EWCZ is a bad performer in the overall market: 92% of all stocks are doing better.
EWCZ is one of the lesser performing stocks in the Diversified Consumer Services industry. 69% of 72 stocks in the same industry do better.
EWCZ is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EWCZ is lagging the market.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month EWCZ has a been trading in the 3.12 - 5.74 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
EWCZ has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.03
6.80
We found 1 important support area.
- A support zone ranging from 5.08 to 5.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @5.41 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 5.52 to 5.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.19 from a trend line in the daily time frame.
- A resistance zone ranging from 6.73 to 6.73. 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 | NEUTRAL | NEUTRAL | The long term trend for EWCZ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWCZ is up. |
| ChartMill Relative Strength | 8.44 | NEGATIVE | EWCZ has a low relative strength, it was outperformed by 91.56% 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) | DOWN | NEGATIVE | The current price of EWCZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.82 | NEUTRAL | The RSI value for EWCZ is a neutral value. |
| 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) | 74.07 | NEUTRAL | The Stochastics value for EWCZ is a neutral value. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for EWCZ suggests high volalility. |
| Average Directional Index/ADX (14) | 42.73 | POSITIVE | The high ADX value value for EWCZ suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.09
-0.12 (-2.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg-2.3%
1 Week-3.6%
2 Weeks-7.45%
1 Month64.19%
3 Month-21.69%
6 Month-15.31%
12 Month-55.04%
2 Year-70.63%
3 Year-80.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%6.64%
ATR Inc-47.18%
Range Today0.2
ADR(20)0.3
ADR(20)%5.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.44
Mansfield-2.54
10 Day High5.74
10 Day Low5.06
20 Day High5.74
20 Day Low3.12
52 Week High12.04
52 Week Low2.72
CS1 End5.08
CR1 Start5.41
Volume & EV
DER(3)3%
DER(5)2.7%
Volume305.30K
Volume Incr-45.79%
Vol(5)521.30K
Vol(50)837.55K