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.
Although the technical rating is bad, WBTN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 13.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WBTN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.02
3 important support areas can be observed.
- A support zone ranging from 12.47 to 12.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.18 to 12.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 11.13 to 11.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 13.07 to 13.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.69 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 | 18.71 | NEGATIVE | WBTN has a low relative strength, it was outperformed by 81.29% 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 | POSITIVE | The current price of WBTN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.62 | NEUTRAL | The RSI value for WBTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests WBTN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.11 | NEUTRAL | The Stochastics value for WBTN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for WBTN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.8 | POSITIVE | The high ADX value value for WBTN suggests a strong trend. |
13.03
-0.15 (-1.14%)
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 42.6179. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WEBTOON ENTERTAINMENT INC?
The MACD indicator for WEBTOON ENTERTAINMENT INC (WBTN) has a value of 0.145021, indicating a bearish trend.
What are the support and resistance levels for WEBTOON ENTERTAINMENT INC (WBTN) stock?
WEBTOON ENTERTAINMENT INC (WBTN) has a support level at 12.51 and a resistance level at 13.07. Check the full technical report for our detailed analysis of WBTN support and resistance levels.