ENERGOUS CORP (WATT) Stock Technical Analysis
USA - NASDAQ:WATT - US29272C3016 - Common Stock
Overall WATT gets a technical rating of 1 out of 10. WATT'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.
Although the technical rating is bad, WATT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.10, a Stop Loss order could be placed below this zone.
More info and screens
6.68
We found 2 important support areas.
- A support zone ranging from 7.05 to 7.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 6.75 to 6.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.65 to 7.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.49 from a trend line in the weekly time frame.
- Resistance @9.00 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 WATT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WATT is down. |
| ChartMill Relative Strength | 6.76 | NEGATIVE | WATT has a low relative strength, it was outperformed by 93.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WATT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WATT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WATT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.1 | NEUTRAL | The RSI value for WATT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests WATT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.09 | OVERSOLD | The low Stochastics value suggests WATT may be oversold. |
| Average True Range in percent/ATR (20) | 14.99 | HIGH VOLATILITY | The high ATR as a percentage value for WATT suggests high volalility. |
| Average Directional Index/ADX (14) | 28.18 | POSITIVE | The high ADX value value for WATT suggests a strong trend. |
7.21
-0.19 (-2.57%)
ENERGOUS CORP / WATT FAQ
What is the technical rating for WATT stock?
ChartMill assigns a technical rating of 1 / 10 to WATT.
What is the trend direction for WATT stock?
The current trend direction for ENERGOUS CORP (WATT) is Bearish.
Can you provide the RSI signal for ENERGOUS CORP?
ENERGOUS CORP (WATT) has an RSI value of 42.096. This indicates that the stock is currently neutral.
What is the MACD signal for WATT stock?
The MACD indicator for ENERGOUS CORP (WATT) has a value of -0.137845, indicating a bearish trend.
What is the short term momentum for WATT stock?
The short term momentum for ENERGOUS CORP (WATT) is negative.