WAYSTAR HOLDING CORP (WAY) Stock Technical Analysis
NASDAQ:WAY - Nasdaq - US9467841055 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to WAY. In the last year, WAY was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, WAY did better than 92% of all other stocks. On top of that, WAY also shows a nice and consistent pattern of rising prices.
WAY is part of the Health Care Technology industry. There are 36 other stocks in this industry. WAY outperforms 82% of them.
WAY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WAY is lagging the market slightly.
WAY has an average volume of 1759650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month WAY has a been trading in the 36.86 - 41.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although WAY has an excellent technical rating, the quality of the presented setup is not ideal 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
34.57
41.44
We found 3 important support areas.
- A support zone ranging from 38.36 to 39.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.95 from a horizontal line in the daily time frame.
- A support zone ranging from 34.92 to 34.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.37 to 41.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for WAY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WAY is neutral. |
| ChartMill Relative Strength | 92.78 | POSITIVE | WAY has a high relative strength, it outperformed 92.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WAY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WAY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WAY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.63 | NEUTRAL | The RSI value for WAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WAY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.64 | NEUTRAL | The Stochastics value for WAY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for WAY suggests some volalility. |
| Average Directional Index/ADX (14) | 15.06 | NEGATIVE | The low ADX value for WAY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 41.04 | 38.35 | 2.69 (6.55%) | 15.26% |
| An entry @41.04. This is a Buy Stop order right above the resistance zone. | An exit @38.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.69 points, which is 6.55%. | For a 1.00% total portfolio risk, you can invest 15.26% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
39.76
+0.49 (+1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg1.25%
1 Week5.49%
2 Weeks0.48%
1 Month3.11%
3 Month5.1%
6 Month4.85%
12 Month84.93%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.07
ATR(20)%2.98%
ATR Inc14.9%
Range Today1.44
ADR(20)1.15
ADR(20)%2.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.78
Mansfield1.13
10 Day High40.53
10 Day Low36.86
20 Day High41.49
20 Day Low36.86
52 Week High48.11
52 Week Low20.26
CS1 End39.4
CR1 Start40.37
Volume & EV
DER(3)0.67%
DER(5)1.71%
Volume4.02M
Volume Incr46.3%
Vol(5)2.16M
Vol(50)1.76M