KWM Technical Analysis - K WAVE MEDIA LTD

Technical Rating and Analysis

Overall KWM gets a technical rating of 3 out of 10. In the last year, KWM was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, KWM is a bad performer in the overall market: 100% of all stocks are doing better.

KWM is one of the lesser performing stocks in the Entertainment industry. 89% of 80 stocks in the same industry do better.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

In the last month KWM has a been trading in the 1.73 - 3.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

K WAVE MEDIA LTD / KWM Weekly stock chart

K WAVE MEDIA LTD / KWM Daily stock chart

Setup Rating and Analysis

The technical rating of KWM is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.75

2.63

We found 2 important support areas.

A support zone ranging from 2.27 to 2.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @1.77 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 2.59 to 2.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	UP	POSITIVE	The long term trend for KWM is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for KWM is neutral.
ChartMill Relative Strength	0	NEGATIVE	KWM has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of KWM is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of KWM is below a declining SMA(50).
Relative Strength Index/RSI (14)	54.22	NEUTRAL	The RSI value for KWM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests KWM has a positive trend.
Stochastics (14,3)	59.56	NEUTRAL	The Stochastics value for KWM is a neutral value.
Average True Range in percent/ATR (20)	10.09	HIGH VOLATILITY	The high ATR as a percentage value for KWM suggests high volalility.
Average Directional Index/ADX (14)	19.77	NEGATIVE	The low ADX value for KWM suggests a weak or negative trend.