WEBTOON ENTERTAINMENT INC (WBTN) Technical Analysis
NASDAQ:WBTN • US94845U1051
Current stock price
WBTN Technical Rating and Analysis
Overall WBTN gets a technical rating of 0 out of 10. WBTN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, WBTN is a bad performer in the overall market: 81% of all stocks are doing better.
- WBTN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WBTN is lagging the market.
- In the last month WBTN has a been trading in the 8.30 - 11.71 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.
- WBTN is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, WBTN did better than 54% of them.
WBTN Weekly and Daily overview Charts
WBTN Setup Rating and Analysis
The technical rating of WBTN is bad and it also does not present a quality setup 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.
More info and screens
WBTN Support and Resistance Analysis
8.49
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.10 to 9.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 11.11 to 11.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
WBTN 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 | DOWN | NEGATIVE | The long term trend for WBTN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WBTN is down. |
| ChartMill Relative Strength | 19.05 | NEGATIVE | WBTN has a low relative strength, it was outperformed by 80.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WBTN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WBTN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WBTN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.85 | OVERSOLD | The low RSI value suggests WBTN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests WBTN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.22 | OVERSOLD | The low Stochastics value suggests WBTN may be oversold. |
| Average True Range in percent/ATR (20) | 6.84 | HIGH VOLATILITY | The high ATR as a percentage value for WBTN suggests high volalility. |
| Average Directional Index/ADX (14) | 37.79 | POSITIVE | The high ADX value value for WBTN suggests a strong trend. |
WBTN Chart- and CandleStick Pattern Analysis
WBTN Technicals: Chart, Performance Metrics, Trend & Indicators
8.58
-0.19 (-2.17%)
WEBTOON ENTERTAINMENT INC / WBTN TA FAQ
What is the technical rating for WBTN stock?
ChartMill assigns a technical rating of 0 / 10 to WBTN.
What is the trend direction for WBTN stock?
The current trend direction for WEBTOON ENTERTAINMENT INC (WBTN) is Bearish.
Can you provide the RSI signal for WEBTOON ENTERTAINMENT INC?
WEBTOON ENTERTAINMENT INC (WBTN) has an RSI value of 26.8521. This indicates that the stock is currently oversold.
Can you provide the MACD signal for WEBTOON ENTERTAINMENT INC?
The MACD indicator for WEBTOON ENTERTAINMENT INC (WBTN) has a value of -0.08281, indicating a bearish trend.
What are the support and resistance levels for WEBTOON ENTERTAINMENT INC (WBTN) stock?
WEBTOON ENTERTAINMENT INC (WBTN) has a resistance level at 9.1. Check the full technical report for our detailed analysis of WBTN support and resistance levels.