WAF Technical Analysis - SILTRONIC AG

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to WAF. In the last year, WAF was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

93% of all other stocks performed better in the past year than WAF.

WAF is part of the Semiconductors & Semiconductor Equipment industry. There are 57 other stocks in this industry, of which 78% are performing better than WAF.

WAF is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month WAF has a been trading in the 31.70 - 45.90 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

WAF has an average technical rating and it also does not offer a high 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

31.68

45.68

When analyzing the support we can see 2 important areas.

A support zone ranging from 38.78 to 39.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @32.00 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 43.49 to 43.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 44.97 to 45.23. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for WAF.DE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for WAF.DE is up.
ChartMill Relative Strength	7.44	NEGATIVE	WAF.DE has a low relative strength, it was outperformed by 92.56% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of WAF.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of WAF.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of WAF.DE is above a declining SMA(200).
Relative Strength Index/RSI (14)	67.52	NEUTRAL	The RSI value for WAF.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.23	POSITIVE	The MACD value suggests WAF.DE has a positive trend.
Stochastics (14,3)	79.86	NEUTRAL	The Stochastics value for WAF.DE is a neutral value.
Average True Range in percent/ATR (20)	4.01	MEDIUM VOLATILITY	The ATR as a percentage value for WAF.DE suggests some volalility.
Average Directional Index/ADX (14)	27.89	POSITIVE	The high ADX value value for WAF.DE suggests a strong trend.