WELBILT INC (WBT) Technical Analysis
NYSE:WBT • US9490901041
Current stock price
WBT Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to WBT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WBT is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that WBT is one of the better performing stocks in the market, outperforming 81% of all stocks.
- WBT is one of the better performing stocks in the Machinery industry, it outperforms 71% of 131 stocks in the same industry.
- WBT is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so WBT is leading the market.
- WBT has an average volume of 2030090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month WBT has a been trading in a tight range between 23.79 and 24.01.
WBT Weekly and Daily overview Charts
WBT Setup Rating and Analysis
Besides having an excellent technical rating, WBT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 24.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.99, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
WBT Support and Resistance Analysis
22.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.64 to 23.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.01 to 23.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.02 to 24.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
WBT 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 WBT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WBT is up. |
| ChartMill Relative Strength | 81.56 | POSITIVE | WBT has a high relative strength, it outperformed 81.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WBT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WBT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WBT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.92 | NEUTRAL | The RSI value for WBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.4 | OVERBOUGHT | The high Stochastics value suggests WBT may be overbought. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for WBT suggests low volalility. |
WBT Chart- and CandleStick Pattern Analysis
WBT Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.03 | 23.95 | 0.08 (0.33%) | 25.00% |
| An entry @24.03. This is a Buy Stop order right above the resistance zone. | An exit @23.95. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 0.33%. | For a 0.08% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
WBT Technicals: Chart, Performance Metrics, Trend & Indicators
24.01
+0.02 (+0.08%)
WELBILT INC / WBT TA FAQ
Can you provide the ChartMill technical rating for WELBILT INC?
ChartMill assigns a technical rating of 8 / 10 to WBT.
Can you provide the trend direction for WELBILT INC?
The current trend direction for WELBILT INC (WBT) is Bullish.
Can you provide the RSI signal for WELBILT INC?
WELBILT INC (WBT) has an RSI value of 66.9163. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WELBILT INC?
The MACD indicator for WELBILT INC (WBT) has a value of -0.00585562, indicating a bearish trend.
Can you provide the support and resistance levels for WELBILT INC?
WELBILT INC (WBT) has a support level at 23.99 and a resistance level at 24.02. Check the full technical report for our detailed analysis of WBT support and resistance levels.