WAH FU EDUCATION GROUP LTD (WAFU) Stock Technical Analysis
NASDAQ:WAFU - Nasdaq - VGG941841014 - Common Stock - Currency: USD
Taking everything into account, WAFU scores 0 out of 10 in our technical rating. WAFU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, WAFU is a bad performer in the overall market: 85% of all stocks are doing better.
WAFU is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Warning: WAFU has an average volume of 14758 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month WAFU has a been trading in the 1.30 - 1.53 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
WAFU is part of the Diversified Consumer Services industry. There are 72 other stocks in this industry, WAFU did better than 40% of them.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, WAFU does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 1.42, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.38
2.22
We found 1 important support area.
- A support zone ranging from 1.39 to 1.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.43 to 1.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.47 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.52 from a trend line in the daily time frame.
- Resistance @2.10 from a trend line in the weekly time frame.
- Resistance @2.20 from a horizontal line in the weekly 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 WAFU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WAFU is down. |
| ChartMill Relative Strength | 15.46 | NEGATIVE | WAFU has a low relative strength, it was outperformed by 84.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WAFU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WAFU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WAFU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.72 | NEUTRAL | The RSI value for WAFU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WAFU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.73 | NEUTRAL | The Stochastics value for WAFU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for WAFU suggests some volalility. |
| Average Directional Index/ADX (14) | 23.06 | NEUTRAL | The ADX value for WAFU suggests a possible start of a new 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)
1.4256
+0.03 (+2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg2.36%
1 Week-1.04%
2 Weeks0.8%
1 Month-2.36%
3 Month-3.02%
6 Month-19.91%
12 Month-20.8%
2 Year-26.13%
3 Year-49.45%
5 Year-67.23%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%3.91%
ATR Inc26.91%
Range Today0.04
ADR(20)0.05
ADR(20)%3.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.46
Mansfield-1.99
10 Day High1.47
10 Day Low1.39
20 Day High1.53
20 Day Low1.3
52 Week High7.49
52 Week Low1.22
CS1 End1.42
CR1 Start1.43
Volume & EV
DER(3)-11.76%
DER(5)-11.26%
Volume3.90K
Volume Incr-43.33%
Vol(5)8.52K
Vol(50)14.76K