We assign a technical rating of 2 out of 10 to WB. WB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of WB is bad and it also does not present a quality setup 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
7.93
We found 3 important support areas.
- A support zone ranging from 9.94 to 10.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.50 to 9.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.01 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.55 to 10.55. 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 | NEUTRAL | NEUTRAL | The long term trend for WB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WB is neutral. |
| ChartMill Relative Strength | 37.37 | NEUTRAL | WB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.15 | NEUTRAL | The RSI value for WB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests WB has a positive trend. |
| Stochastics (14,3) | 62.92 | NEUTRAL | The Stochastics value for WB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for WB suggests low volalility. |
| Average Directional Index/ADX (14) | 15.05 | NEGATIVE | The low ADX value for WB suggests a weak or negative trend. |
10.54
+0.32 (+3.13%)
WEIBO CORP-SPON ADR / WB FAQ
What is the ChartMill technical rating of WEIBO CORP-SPON ADR (WB) stock?
ChartMill assigns a technical rating of 2 / 10 to WB.
What is the current trend direction of WEIBO CORP-SPON ADR (WB) stock?
The current trend direction for WEIBO CORP-SPON ADR (WB) is Bearish.
What is the RSI signal for WEIBO CORP-SPON ADR (WB) stock?
WEIBO CORP-SPON ADR (WB) has an RSI value of 61.1494. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WEIBO CORP-SPON ADR?
The MACD indicator for WEIBO CORP-SPON ADR (WB) has a value of 0.0528827, indicating a bearish trend.
Can you provide the support and resistance levels for WEIBO CORP-SPON ADR?
WEIBO CORP-SPON ADR (WB) has a support level at 10.19 and a resistance level at 10.55. Check the full technical report for our detailed analysis of WB support and resistance levels.