Taking everything into account, WAY scores 0 out of 10 in our technical rating. WAY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
WAY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.59. Right above this resistance zone may be a good entry point.
More info and screens
32.31
When analyzing the support we notice one important area.
- A support zone ranging from 32.64 to 32.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 34.59 to 35.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 36.92 to 37.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @38.24 from a trend line in the daily time frame.
- Resistance @41.03 from a horizontal 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 WAY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WAY is down. |
| ChartMill Relative Strength | 20.34 | NEGATIVE | WAY has a low relative strength, it was outperformed by 79.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WAY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WAY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WAY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.75 | NEUTRAL | The RSI value for WAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests WAY has a positive trend. |
| Stochastics (14,3) | 56.66 | NEUTRAL | The Stochastics value for WAY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for WAY suggests some volalility. |
| Average Directional Index/ADX (14) | 31.3 | POSITIVE | The high ADX value value for WAY suggests a strong trend. |
33.01
+0.17 (+0.52%)
WAYSTAR HOLDING CORP / WAY FAQ
What is the technical rating for WAY stock?
ChartMill assigns a technical rating of 0 / 10 to WAY.
What is the trend direction for WAY stock?
The current trend direction for WAYSTAR HOLDING CORP (WAY) is Bearish.
Can you provide the RSI signal for WAYSTAR HOLDING CORP?
WAYSTAR HOLDING CORP (WAY) has an RSI value of 43.7534. This indicates that the stock is currently neutral.
What is the short term momentum for WAYSTAR HOLDING CORP (WAY) stock?
The short term momentum for WAYSTAR HOLDING CORP (WAY) is negative.
Can you provide the buy/sell signal for WAYSTAR HOLDING CORP?
The buy/sell signal for WAYSTAR HOLDING CORP (WAY) is sell as both the short term and long term trends are negative.