TOP KINGWIN LTD-A (WAI) Stock Technical Analysis
NASDAQ:WAI - Nasdaq - KYG8923U1031 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to WAI. WAI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, WAI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.99. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for WAI 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
1.78
We found 1 important support area.
- Support @1.80 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.95 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.36 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 WAI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WAI is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | WAI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WAI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WAI is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 39.64 | NEUTRAL | The RSI value for WAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests WAI has a positive trend. |
| Stochastics (14,3) | 62.06 | NEUTRAL | The Stochastics value for WAI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.28 | HIGH VOLATILITY | The high ATR as a percentage value for WAI suggests high volalility. |
| Average Directional Index/ADX (14) | 33 | POSITIVE | The high ADX value value for WAI suggests a strong trend. |
NASDAQ:WAI (6/17/2025, 10:34:43 AM)
1.83
-0.15 (-7.58%)