WAWI Technical Analysis - WALLENIUS WILHELMSEN ASA

Technical Rating and Analysis

Overall WAWI gets a technical rating of 0 out of 10. WAWI'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 negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, WAWI is a bad performer in the overall market: 93% of all stocks are doing better.

WAWI is part of the Marine Transportation industry. There are 18 other stocks in this industry, of which 76% are performing better than WAWI.

In the last month WAWI has a been trading in the 75.00 - 93.50 range, which is quite wide. It is currently trading near the lows of this range.

WAWI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WAWI is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WALLENIUS WILHELMSEN ASA / WAWI Weekly stock chart

WALLENIUS WILHELMSEN ASA / WAWI Daily stock chart

Setup Rating and Analysis

WAWI has a poor technical rating and the quality of the setup is also only medium 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

75.14

99.06

When analyzing the support we notice one important area.

A support zone ranging from 75.90 to 76.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 77.21 to 78.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 86.22 to 87.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @98.08 from a trend 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 WAWI.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WAWI.OL is down.
ChartMill Relative Strength	7.88	NEGATIVE	WAWI.OL has a low relative strength, it was outperformed by 92.12% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WAWI.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WAWI.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WAWI.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	29.4	OVERSOLD	The low RSI value suggests WAWI.OL may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.44	NEGATIVE	The MACD value suggests WAWI.OL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	10.08	OVERSOLD	The low Stochastics value suggests WAWI.OL may be oversold.
Average True Range in percent/ATR (20)	3.13	MEDIUM VOLATILITY	The ATR as a percentage value for WAWI.OL suggests some volalility.
Average Directional Index/ADX (14)	37.61	POSITIVE	The high ADX value value for WAWI.OL suggests a strong trend.