WATERBRIDGE INFRASTRUC-CL A (WBI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:WBI • US9409231050
Overall WBI gets a technical rating of 4 out of 10. In the last year, WBI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, WBI is a bad performer in the overall market: 100% of all stocks are doing better.
- WBI is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, of which 95% are performing better than WBI.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- WBI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Although the technical rating is only medium, WBI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.43, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.51
When analyzing the support we notice one important area.
- A support zone ranging from 21.73 to 22.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.11 to 23.24. 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 WBI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WBI is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | WBI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WBI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 60.82 | NEUTRAL | The RSI value for WBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WBI has a positive trend. |
| Stochastics (14,3) | 43.44 | NEUTRAL | The Stochastics value for WBI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.37 | MEDIUM VOLATILITY | The ATR as a percentage value for WBI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.33 | NEUTRAL | The ADX value for WBI suggests a possible start of a new trend. |
22.93
+0.66 (+2.96%)
WATERBRIDGE INFRASTRUC-CL A / WBI FAQ
What is the ChartMill technical rating of WATERBRIDGE INFRASTRUC-CL A (WBI) stock?
ChartMill assigns a technical rating of 4 / 10 to WBI.
What is the trend direction for WBI stock?
The current trend direction for WATERBRIDGE INFRASTRUC-CL A (WBI) is Bullish.
What is the RSI signal for WATERBRIDGE INFRASTRUC-CL A (WBI) stock?
WATERBRIDGE INFRASTRUC-CL A (WBI) has an RSI value of 60.8243. This indicates that the stock is currently neutral.
What is the MACD signal for WBI stock?
The MACD indicator for WATERBRIDGE INFRASTRUC-CL A (WBI) has a value of 0.0419308, indicating a bearish trend.
What is the short term momentum for WATERBRIDGE INFRASTRUC-CL A (WBI) stock?
The short term momentum for WATERBRIDGE INFRASTRUC-CL A (WBI) is neutral.