WAYSTAR HOLDING CORP (WAY) Stock Technical Analysis
USA - NASDAQ:WAY - US9467841055 - Common Stock
Taking everything into account, WAY scores 8 out of 10 in our technical rating. 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.
Although WAY has an excellent technical rating, it does not present a decent entry opportunity 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
33.56
We found 3 important support areas.
- Support @36.22 from a trend line in the daily time frame.
- A support zone ranging from 34.58 to 34.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.90 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 37.73 to 38.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @39.75 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 | UP | POSITIVE | The long term trend for WAY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WAY is up. |
| ChartMill Relative Strength | 82.31 | POSITIVE | WAY has a high relative strength, it outperformed 82.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WAY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WAY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WAY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.86 | NEUTRAL | The RSI value for WAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests WAY has a positive trend. |
| Stochastics (14,3) | 87.44 | OVERBOUGHT | The high Stochastics value suggests WAY may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for WAY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.14 | NEUTRAL | The ADX value for WAY suggests a possible start of a new trend. |
37.06
-2.56 (-6.46%)
WAYSTAR HOLDING CORP / WAY FAQ
What is the technical rating for WAY stock?
ChartMill assigns a technical rating of 8 / 10 to WAY.
What is the trend direction for WAY stock?
The current trend direction for WAYSTAR HOLDING CORP (WAY) is Bullish.
Can you provide the RSI signal for WAYSTAR HOLDING CORP?
WAYSTAR HOLDING CORP (WAY) has an RSI value of 64.864. 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 positive.
Can you provide the buy/sell signal for WAYSTAR HOLDING CORP?
The buy/sell signal for WAYSTAR HOLDING CORP (WAY) is buy as both the short term and long term trends are positive.