WEIBO CORP-SPON ADR (WB) Stock Technical Analysis
NASDAQ:WB - Nasdaq - US9485961018 - ADR - Currency: USD
Overall WB gets a technical rating of 7 out of 10. In the last year, WB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
WB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
WB has an average volume of 1324820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, WB turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
WB is an average performer in the Interactive Media & Services industry, it outperforms 65% of 71 stocks in the same industry.
WB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WB is lagging the market slightly.
WB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 9.38, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.06
11.77
3 important support areas can be observed.
- A support zone ranging from 9.17 to 9.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.71 from a trend line in the weekly time frame.
- Support @7.13 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 9.62 to 9.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.51 from a trend line in the weekly time frame.
- A resistance zone ranging from 11.01 to 11.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.65 from a horizontal 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 | UP | POSITIVE | The long term trend for WB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WB is up. |
| ChartMill Relative Strength | 56.52 | NEUTRAL | WB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.93 | NEUTRAL | The RSI value for WB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests WB has a negative trend. |
| Stochastics (14,3) | 50.41 | NEUTRAL | The Stochastics value for WB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for WB suggests some volalility. |
| Average Directional Index/ADX (14) | 30.02 | POSITIVE | The high ADX value value for WB suggests a strong 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 |
|---|---|---|---|
| 9.65 | 9.35 | 0.30 (3.07%) | 25.00% |
| An entry @9.65. This is a Buy Stop order right above the 10 day moving average. | An exit @9.35. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.30 points, which is 3.07%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WB. Please evaluate whether better entry and exit points can be found.
- 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.
9.39
-0.11 (-1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-1.16%
1 Week-3.1%
2 Weeks-0.95%
1 Month6.95%
3 Month-7.21%
6 Month-3.79%
12 Month14.65%
2 Year-28.38%
3 Year-59.4%
5 Year-72.05%
10 Year-45.22%
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%2.72%
ATR Inc-14.99%
Range Today0.21
ADR(20)0.22
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.52
Mansfield0.03
10 Day High10.03
10 Day Low9.36
20 Day High10.03
20 Day Low8.91
52 Week High12.4
52 Week Low7.03
CS1 End9.38
CR1 Start9.62
Volume & EV
DER(3)-1.24%
DER(5)-1.9%
Volume1.62M
Volume Incr-27.19%
Vol(5)1.03M
Vol(50)1.32M