WEBTOON ENTERTAINMENT INC (WBTN) Technical Analysis
NASDAQ:WBTN • US94845U1051
We assign a technical rating of 0 out of 10 to WBTN. WBTN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, WBTN is a bad performer in the overall market: 78% of all stocks are doing better.
- WBTN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month WBTN has a been trading in the 9.03 - 12.05 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- WBTN is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, WBTN did better than 64% of them.
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
9.01
We found 1 important resistance area.
- Resistance @13.02 from a trend line in the daily time frame.
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 | 22.43 | NEGATIVE | WBTN has a low relative strength, it was outperformed by 77.57% 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) | UP | MIXED | The current price of WBTN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 27.66 | OVERSOLD | The low RSI value suggests WBTN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests WBTN has a negative trend. |
| Stochastics (14,3) | 13.71 | OVERSOLD | The low Stochastics value suggests WBTN may be oversold. |
| Average True Range in percent/ATR (20) | 7.96 | HIGH VOLATILITY | The high ATR as a percentage value for WBTN suggests high volalility. |
| Average Directional Index/ADX (14) | 31.47 | POSITIVE | The high ADX value value for WBTN suggests a strong trend. |
WBTN Technicals: Chart, Performance Metrics, Trend & Indicators
9.1
-0.71 (-7.24%)
WEBTOON ENTERTAINMENT INC / WBTN 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 27.6634. 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 -0.140772, 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 13.02. Check the full technical report for our detailed analysis of WBTN support and resistance levels.