K WAVE MEDIA LTD (KWM) Stock Technical Analysis
NASDAQ:KWM • KYG531511098
Taking everything into account, KWM scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. KWM was also a bad performer in the overall market in the last year.
- 100% of all other stocks performed better in the past year than KWM.
- KWM is one of the lesser performing stocks in the Entertainment industry. 86% of 80 stocks in the same industry do better.
- In the last month KWM has a been trading in the 0.54 - 0.90 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Considerably lower volume is observed in the last couple of days.
KWM has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.89. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for KWM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.74
We found 1 important support area.
- Support @0.75 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.89 to 0.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.44 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for KWM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KWM is up. |
| 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) | UP | POSITIVE | The current price of KWM is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.08 | NEUTRAL | The RSI value for KWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests KWM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.27 | NEUTRAL | The Stochastics value for KWM is a neutral value. |
| Average True Range in percent/ATR (20) | 9.39 | HIGH VOLATILITY | The high ATR as a percentage value for KWM suggests high volalility. |
| Average Directional Index/ADX (14) | 21.86 | NEUTRAL | The ADX value for KWM suggests a possible start of a new trend. |
0.8393
+0.07 (+9.06%)
K WAVE MEDIA LTD / KWM FAQ
What is the ChartMill technical rating of K WAVE MEDIA LTD (KWM) stock?
ChartMill assigns a technical rating of 4 / 10 to KWM.
What is the trend direction for KWM stock?
The current trend direction for K WAVE MEDIA LTD (KWM) is Bearish.
Can you provide the RSI signal for K WAVE MEDIA LTD?
K WAVE MEDIA LTD (KWM) has an RSI value of 59.0765. This indicates that the stock is currently neutral.
What is the MACD signal for KWM stock?
The MACD indicator for K WAVE MEDIA LTD (KWM) has a value of -0.00240393, indicating a bearish trend.
What is the support and resistance level for KWM stock?
K WAVE MEDIA LTD (KWM) has a support level at 0.75 and a resistance level at 0.89. Check the full technical report for our detailed analysis of KWM support and resistance levels.