WBD Technical Analysis - WEBUILD SPA

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to WBD. In the last year, WBD was one of the better performers, but we do observe some doubts in the very recent evolution.

WBD is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

When comparing the yearly performance of all stocks, we notice that WBD is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, WBD also shows a nice and consistent pattern of rising prices.

WBD is part of the Construction & Engineering industry. There are 42 other stocks in this industry. WBD outperforms 70% of them.

WBD has an average volume of 2238010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

WBD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WBD is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although WBD has an excellent technical rating, the quality of the presented setup is not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.16

4.25

When analyzing the support we can see 2 important areas.

A support zone ranging from 3.55 to 3.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @3.19 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 3.76 to 3.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 4.21 to 4.21. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 WBD.MI is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WBD.MI is down.
ChartMill Relative Strength	85.97	POSITIVE	WBD.MI has a high relative strength, it outperformed 85.97% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WBD.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of WBD.MI is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of WBD.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	43.92	NEUTRAL	The RSI value for WBD.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests WBD.MI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	32.02	NEUTRAL	The Stochastics value for WBD.MI is a neutral value.
Average True Range in percent/ATR (20)	2.67	MEDIUM VOLATILITY	The ATR as a percentage value for WBD.MI suggests some volalility.
Average Directional Index/ADX (14)	26.48	POSITIVE	The high ADX value value for WBD.MI suggests a strong trend.