WEBTOON ENTERTAINMENT INC (WBTN) Stock Technical Analysis
NASDAQ:WBTN - US94845U1051 - Common Stock
14.65 USD
+0.29 (+2.02%)
14.65 USD
0 (0%)
We assign a technical rating of 9 out of 10 to WBTN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WBTN is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
WBTN is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 82% of 69 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that WBTN is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big 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.
In the last month WBTN has a been trading in the 8.87 - 18.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although WBTN has an excellent technical rating, the quality of the presented setup is not ideal 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
9.21
15.34
2 important support areas can be observed.
- A support zone ranging from 14.35 to 14.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.30 to 9.34. 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 15.19 to 15.19. This zone is formed by a combination of multiple trend lines 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 | 90.17 | POSITIVE | WBTN has a high relative strength, it outperformed 90.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WBTN is above the rising 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) | 60.35 | NEUTRAL | The RSI value for WBTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests WBTN has a negative trend. |
| Stochastics (14,3) | 35.95 | NEUTRAL | The Stochastics value for WBTN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.84 | HIGH VOLATILITY | The high ATR as a percentage value for WBTN suggests high volalility. |
| Average Directional Index/ADX (14) | 37.51 | POSITIVE | The high ADX value value for WBTN suggests a strong 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)
14.65
+0.29 (+2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg2.02%
1 Week0.76%
2 Weeks1.31%
1 Month56.85%
3 Month67.62%
6 Month56.35%
12 Month20.38%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%8.84%
ATR Inc-67.28%
Range Today0.44
ADR(20)1.08
ADR(20)%7.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.17
Mansfield2.59
10 Day High15.64
10 Day Low13.83
20 Day High18.45
20 Day Low8.87
52 Week High18.45
52 Week Low6.75
CS1 End14.46
CR1 Start15.19
Volume & EV
DER(3)5.25%
DER(5)2.39%
Volume548.90K
Volume Incr-63.81%
Vol(5)486.34K
Vol(50)709.76K