WEBTOON ENTERTAINMENT INC (WBTN) Stock Technical Analysis
NASDAQ:WBTN - Nasdaq - US94845U1051 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to WBTN. WBTN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, WBTN is a bad performer in the overall market: 82% of all stocks are doing better.
In the last month WBTN has a been trading in the 8.87 - 10.63 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
WBTN is an average performer in the Interactive Media & Services industry, it outperforms 43% of 70 stocks in the same industry.
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.
Although the technical rating is bad, WBTN does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- 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
8.08
10.36
We found 3 important support areas.
- A support zone ranging from 9.22 to 9.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.91 from a horizontal line in the daily time frame.
- Support @8.16 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @9.86 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.20 to 10.26. 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 | NEUTRAL | NEUTRAL | The long term trend for WBTN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WBTN is down. |
| ChartMill Relative Strength | 18.99 | NEGATIVE | WBTN has a low relative strength, it was outperformed by 81.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WBTN is below 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) | DOWN | NEGATIVE | The current price of WBTN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.57 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 16.32 | OVERSOLD | The low Stochastics value suggests WBTN may be oversold. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for WBTN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.26 | NEGATIVE | The low ADX value for WBTN suggests a weak or negative 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)
9.36
+0.22 (+2.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg2.41%
1 Week0.21%
2 Weeks-6.02%
1 Month1.96%
3 Month4.35%
6 Month-12.11%
12 Month-23.09%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%4.42%
ATR Inc2.41%
Range Today0.32
ADR(20)0.39
ADR(20)%4.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.99
Mansfield-1.88
10 Day High10.29
10 Day Low8.87
20 Day High10.63
20 Day Low8.87
52 Week High14.69
52 Week Low6.75
CS1 End9.35
CR1 Start9.86
Volume & EV
DER(3)2.96%
DER(5)2.16%
Volume1.32M
Volume Incr27.27%
Vol(5)285.11K
Vol(50)256.62K