WEIBO CORP-SPON ADR (WB) Stock Technical Analysis
NASDAQ:WB • US9485961018
Overall WB gets a technical rating of 0 out of 10. WB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, WB is a bad performer in the overall market: 73% of all stocks are doing better.
- In the last month WB has a been trading in the 9.70 - 11.11 range, which is quite wide. It is currently trading near the lows of this range.
- WB is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 70% of 69 stocks in the same industry.
- WB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WB is lagging the market.
- Considerably lower volume is observed in the last couple of days.
WB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.10, a Stop Loss order could be placed below this zone.
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8.00
We found 3 important support areas.
- A support zone ranging from 9.99 to 10.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 @8.08 from a trend line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 10.31 to 10.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.59 from a trend line in the daily time frame.
- Resistance @10.78 from a horizontal line in the weekly time frame.
- Resistance @11.23 from a horizontal line in the daily time frame.
- Resistance @11.52 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 WB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WB is down. |
| ChartMill Relative Strength | 27.77 | NEGATIVE | WB has a low relative strength, it was outperformed by 72.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.31 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 34.13 | NEUTRAL | The Stochastics value for WB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for WB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.38 | NEUTRAL | The ADX value for WB suggests a possible start of a new trend. |
10.19
+0.18 (+1.8%)
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 0 / 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 46.3129. 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 -0.0250172, 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 10.1 and a resistance level at 10.31. Check the full technical report for our detailed analysis of WB support and resistance levels.