WEBTOON ENTERTAINMENT INC (WBTN) Stock Technical Analysis
USA - NASDAQ:WBTN - US94845U1051 - Common Stock
17.31 USD
-0.83 (-4.58%)
17.12 USD
-0.19 (-1.1%)
Overall WBTN gets a technical rating of 7 out of 10. In the last year, WBTN was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month WBTN has a been trading in the 16.28 - 20.07 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
WBTN is part of the Interactive Media & Services industry. There are 70 other stocks in this industry. WBTN outperforms 91% of them.
WBTN has an average volume of 1177150 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 overall good ranking is mostly due to the recent strong move.
WBTN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WBTN is lagging the market.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, WBTN also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.05. Right above this resistance zone may be a good entry point.
More info and screens
9.97
18.49
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.70 to 16.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.07 to 10.08. 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 18.05 to 18.31. 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 | NEUTRAL | NEUTRAL | The short term trend for WBTN is neutral. |
| ChartMill Relative Strength | 94.07 | POSITIVE | WBTN has a high relative strength, it outperformed 94.07% 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) | 47.2 | NEUTRAL | The RSI value for WBTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests WBTN has a negative trend. |
| Stochastics (14,3) | 55.1 | NEUTRAL | The Stochastics value for WBTN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for WBTN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.88 | 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 |
|---|---|---|---|
| 18.32 | 16.69 | 1.63 (8.90%) | 11.24% |
| An entry @18.32. This is a Buy Stop order right above the resistance zone. | An exit @16.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.63 points, which is 8.90%. | For a 1.00% total portfolio risk, you can invest 11.24% 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.
17.31
-0.83 (-4.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-4.58%
1 Week-5.46%
2 Weeks-2.48%
1 Month-13.54%
3 Month68.88%
6 Month86.73%
12 Month54.83%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.97
ATR(20)%5.68%
ATR Inc-0.05%
Range Today0.99
ADR(20)0.95
ADR(20)%5.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.07
3 months CRS96.89
6 months CRS92.78
Mansfield3.6
10 Day High19.01
10 Day Low16.28
20 Day High20.07
20 Day Low16.28
52 Week High22.47
52 Week Low6.75
CS1 End16.7
CR1 Start18.05
Volume & EV
DER(3)0.46%
DER(5)-1.41%
Volume506.50K
Volume Incr-27.31%
Vol(5)427.28K
Vol(50)1.18M