WALD Technical Analysis - WALDENCAST PLC-A

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to WALD. WALD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

96% of all other stocks performed better in the past year than WALD.

WALD is part of the Personal Care Products industry. There are 36 other stocks in this industry, of which 80% are performing better than WALD.

WALD 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.

In the last month WALD has a been trading in the 1.58 - 2.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WALDENCAST PLC-A / WALD Weekly stock chart

WALDENCAST PLC-A / WALD Daily stock chart

Setup Rating and Analysis

The technical rating of WALD is bad and it also does not present a 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

1.85

2.85

6 important resistance areas can be observed.

A resistance zone ranging from 1.98 to 2.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 2.09 to 2.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.22 from a trend line in the daily time frame.
Resistance @2.27 from a trend line in the weekly time frame.
Resistance @2.37 from a trend line in the weekly time frame.
Resistance @2.82 from a horizontal line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for WALD is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for WALD is neutral.
ChartMill Relative Strength	4.15	NEGATIVE	WALD has a low relative strength, it was outperformed by 95.85% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of WALD is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of WALD is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WALD is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.55	NEUTRAL	The RSI value for WALD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests WALD has a negative trend.
Stochastics (14,3)	54.27	NEUTRAL	The Stochastics value for WALD is a neutral value.
Average True Range in percent/ATR (20)	7.25	HIGH VOLATILITY	The high ATR as a percentage value for WALD suggests high volalility.
Average Directional Index/ADX (14)	19.47	NEGATIVE	The low ADX value for WALD suggests a weak or negative trend.