500Wan.com Ltd (WBAI) Stock Technical Analysis
NYSE:WBAI - New York Stock Exchange, Inc. -
Overall WBAI gets a technical rating of 4 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month WBAI has a been trading in the 12.96 - 25.50 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that WBAI is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
WBAI 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 WBAI is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
WBAI has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.06
25.14
We can see 3 important resistance areas.
- Resistance @20.12 from a trend line in the daily time frame.
- Resistance @23.06 from a trend line in the daily time frame.
- Resistance @24.89 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 WBAI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WBAI is down. |
| ChartMill Relative Strength | 92.93 | POSITIVE | WBAI has a high relative strength, it outperformed 92.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WBAI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WBAI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WBAI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.47 | NEUTRAL | The RSI value for WBAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests WBAI has a negative trend. |
| Stochastics (14,3) | 11.89 | OVERSOLD | The low Stochastics value suggests WBAI may be oversold. |
| Average True Range in percent/ATR (20) | 14.16 | HIGH VOLATILITY | The high ATR as a percentage value for WBAI suggests high volalility. |
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)
NYSE:WBAI (4/19/2021, 8:04:00 PM)
14.2
-1.58 (-10.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-10.01%
1 Week-21.29%
2 Weeks-29.49%
1 Month-42.97%
3 Month6.29%
6 Month381.36%
12 Month248.89%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.89
ATR(20)%14.16%
ATR Inc33.57%
Range Today1.77
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.93
Mansfield5.94
10 Day High20.85
10 Day Low12.96
20 Day High25.5
20 Day Low12.96
52 Week High35
52 Week Low2.51
CS1 EndN/A
CR1 Start20.12
Volume & EV
DER(3)-6.56%
DER(5)-7.36%
Volume273.60K
Volume Incr-41.11%
Vol(5)368.17K
Vol(50)924.21K