WEIBO CORP-SPON ADR (WB) Stock Technical Analysis
NASDAQ:WB - Nasdaq - US9485961018 - ADR - Currency: USD
Taking everything into account, WB scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, WB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, WB did better than 89% of all other stocks.
WB is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 85% of 70 stocks in the same industry.
WB 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 WB is lagging the market slightly.
In the last month WB has a been trading in the 9.38 - 11.79 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
WB has an average volume of 1006620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although WB has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.71
11.84
4 important support areas can be observed.
- A support zone ranging from 9.78 to 9.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.50 from a horizontal line in the daily time frame.
- Support @9.28 from a horizontal line in the daily time frame.
- Support @7.79 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.56 to 11.72. 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 WB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WB is up. |
| ChartMill Relative Strength | 89.7 | POSITIVE | WB has a high relative strength, it outperformed 89.7% off all stocks 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) | 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) | 75.43 | OVERBOUGHT | The high RSI value suggests WB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests WB has a positive trend. |
| Stochastics (14,3) | 89.75 | OVERBOUGHT | The high Stochastics value suggests WB may be overbought. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for WB suggests some volalility. |
| Average Directional Index/ADX (14) | 27.57 | 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)
11.55
+0.11 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0.96%
1 Week16.78%
2 Weeks21.58%
1 Month12.79%
3 Month35.88%
6 Month4.05%
12 Month40.68%
2 Year-10.47%
3 Year-44.18%
5 Year-69.03%
10 Year-4.78%
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%3.04%
ATR Inc216.83%
Range Today0.57
ADR(20)0.32
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.7
Mansfield1.23
10 Day High11.79
10 Day Low9.6
20 Day High11.79
20 Day Low9.38
52 Week High12.4
52 Week Low7.03
CS1 End9.89
CR1 Start11.56
Volume & EV
DER(3)1.18%
DER(5)-1.28%
Volume2.78M
Volume Incr183.33%
Vol(5)2.30M
Vol(50)1.01M