ENERGOUS CORP (WATT) Stock Technical Analysis
USA - NASDAQ:WATT - US29272C3016 - Common Stock
Overall WATT gets a technical rating of 1 out of 10. WATT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
WATT has a poor technical rating and the quality of the setup is also not perfect 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
6.68
2 important support areas can be observed.
- A support zone ranging from 7.05 to 7.11. 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.
When analyzing the resistance we notice 4 important areas.
- Resistance @7.69 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.94 to 8.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.91 from a trend line in the daily time frame.
- Resistance @10.77 from a trend 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 WATT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WATT is down. |
| ChartMill Relative Strength | 10.06 | NEGATIVE | WATT has a low relative strength, it was outperformed by 89.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WATT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WATT is below the rising 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) | 45.39 | NEUTRAL | The RSI value for WATT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests WATT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.9 | OVERSOLD | The low Stochastics value suggests WATT may be oversold. |
| Average True Range in percent/ATR (20) | 14.33 | HIGH VOLATILITY | The high ATR as a percentage value for WATT suggests high volalility. |
| Average Directional Index/ADX (14) | 27.42 | POSITIVE | The high ADX value value for WATT suggests a strong trend. |
7.5
+0.29 (+4.02%)
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 45.3894. 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 -0.108501, indicating a bearish trend.
What is the short term momentum for WATT stock?
The short term momentum for ENERGOUS CORP (WATT) is negative.