WEBTOON ENTERTAINMENT INC (WBTN) Stock Technical Analysis
USA - NASDAQ:WBTN - US94845U1051 - Common Stock
18.12 USD
+0.07 (+0.39%)
18.11 USD
-0.01 (-0.06%)
We assign a technical rating of 8 out of 10 to WBTN. Both in the recent history as in the last year, WBTN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
WBTN is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 89% of 70 stocks in the same industry.
WBTN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WBTN is lagging the market slightly.
WBTN has an average volume of 1193510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, WBTN did better than 94% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month WBTN has a been trading in the 16.28 - 21.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
WBTN has an excellent technical rating and 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 18.13. Right above this resistance zone may be a good entry point. 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
9.92
18.60
3 important support areas can be observed.
- A support zone ranging from 17.69 to 17.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.65 to 16.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.02 to 10.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.13 to 18.42. This zone is formed by a combination of multiple trend lines and important moving averages 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 WBTN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WBTN is up. |
| ChartMill Relative Strength | 94.05 | POSITIVE | WBTN has a high relative strength, it outperformed 94.05% 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) | UP | POSITIVE | The current price of WBTN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WBTN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.85 | NEUTRAL | The RSI value for WBTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests WBTN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.51 | NEUTRAL | The Stochastics value for WBTN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for WBTN suggests high volalility. |
| Average Directional Index/ADX (14) | 22.94 | NEUTRAL | The ADX value for WBTN suggests a possible start of a new trend. |
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)
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 |
|---|---|---|---|
| 18.43 | 17.68 | 0.75 (4.07%) | 24.57% |
| An entry @18.43. This is a Buy Stop order right above the resistance zone. | An exit @17.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.75 points, which is 4.07%. | When investing 24.57% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of WBTN. Please evaluate whether better entry and exit points can be found.
- 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.
18.12
+0.07 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0.39%
1 Week3.84%
2 Weeks-2.05%
1 Month-14.33%
3 Month76.78%
6 Month95.47%
12 Month62.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.02
ATR(20)%5.48%
ATR Inc-16.47%
Range Today0.89
ADR(20)0.97
ADR(20)%5.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.05
Mansfield4.15
10 Day High19.01
10 Day Low16.28
20 Day High21.34
20 Day Low16.28
52 Week High22.47
52 Week Low6.75
CS1 End17.76
CR1 Start18.13
Volume & EV
DER(3)-1.84%
DER(5)-2.09%
Volume431.20K
Volume Incr-56.75%
Vol(5)480.32K
Vol(50)1.19M