WAGEWORKS INC (WAGE) Technical Analysis
NYSE:WAGE
Current stock price
WAGE Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to WAGE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WAGE is only an average performer.
- The long and short term trends are both positive. This is looking good!
- WAGE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When comparing the performance of all stocks over the past year, WAGE turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
- In the last month WAGE has a been trading in a tight range between 51.10 and 51.41.
- Volume is considerably higher in the last couple of days.
WAGE Weekly and Daily overview Charts
WAGE Setup Rating and Analysis
WAGE has an average technical rating and the quality of the presented setup is also not ideal 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
WAGE Support and Resistance Analysis
38.87
2 important support areas can be observed.
- A support zone ranging from 50.28 to 51.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.26 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 51.65 to 52.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
WAGE 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 WAGE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WAGE is up. |
| ChartMill Relative Strength | 52.61 | NEUTRAL | WAGE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WAGE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WAGE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WAGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.79 | NEUTRAL | The RSI value for WAGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WAGE has a negative trend. |
| Stochastics (14,3) | 71.08 | NEUTRAL | The Stochastics value for WAGE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.1 | LOW VOLATILITY | The low ATR as a percentage value for WAGE suggests low volalility. |
WAGE Chart- and CandleStick Pattern Analysis
WAGE Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 51.43 | 51.23 | 0.19 (0.38%) | 25.00% |
| An entry @51.42. This is a Buy Stop order right above the 10 day high. | An exit @51.23. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.19 points, which is 0.38%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.09%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
WAGE Technicals: Chart, Performance Metrics, Trend & Indicators
51.34
0 (0%)
WAGEWORKS INC / WAGE TA FAQ
Can you provide the ChartMill technical rating for WAGEWORKS INC?
ChartMill assigns a technical rating of 6 / 10 to WAGE.
Can you provide the trend direction for WAGEWORKS INC?
The current trend direction for WAGEWORKS INC (WAGE) is Bullish.
What is the RSI signal for WAGE stock?
WAGEWORKS INC (WAGE) has an RSI value of 61.7948. This indicates that the stock is currently neutral.
What is the MACD signal for WAGE stock?
The MACD indicator for WAGEWORKS INC (WAGE) has a value of -0.00713175, indicating a bearish trend.
Can you provide the support and resistance levels for WAGEWORKS INC?
WAGEWORKS INC (WAGE) has a support level at 51.3 and a resistance level at 51.65. Check the full technical report for our detailed analysis of WAGE support and resistance levels.