WEBTOON ENTERTAINMENT INC (WBTN) Technical Analysis
NASDAQ:WBTN • US94845U1051
Current stock price
WBTN Technical Rating and Analysis
Overall WBTN gets a technical rating of 6 out of 10. In the past year, WBTN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- WBTN is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 80% of 69 stocks in the same industry.
- In the last month WBTN has a been trading in the 8.75 - 12.62 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, WBTN outperforms 66% of them, which is more or less in line with the market.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
WBTN Weekly and Daily overview Charts
WBTN Setup Rating and Analysis
WBTN has an average technical rating and it also does not offer a high 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
WBTN Support and Resistance Analysis
8.65
When analyzing the support we notice one important area.
- Support @8.74 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.42 to 12.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
WBTN Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for WBTN is up. |
| ChartMill Relative Strength | 66.21 | NEUTRAL | WBTN is not amongst the best or worst performers 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 | MIXED | The current price of WBTN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.2 | OVERBOUGHT | The high RSI value suggests WBTN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests WBTN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.17 | OVERBOUGHT | The high Stochastics value suggests WBTN may be overbought. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for WBTN suggests some volalility. |
| Average Directional Index/ADX (14) | 39.98 | POSITIVE | The high ADX value value for WBTN suggests a strong trend. |
WBTN Chart- and CandleStick Pattern Analysis
WBTN Technicals: Chart, Performance Metrics, Trend & Indicators
12.41
+0.09 (+0.73%)
WEBTOON ENTERTAINMENT INC / WBTN TA FAQ
What is the technical rating for WBTN stock?
ChartMill assigns a technical rating of 6 / 10 to WBTN.
Can you provide the trend direction for WEBTOON ENTERTAINMENT INC?
The current trend direction for WEBTOON ENTERTAINMENT INC (WBTN) is Bearish.
What is the RSI signal for WEBTOON ENTERTAINMENT INC (WBTN) stock?
WEBTOON ENTERTAINMENT INC (WBTN) has an RSI value of 74.2007. This indicates that the stock is currently overbought.
What are the support and resistance levels for WEBTOON ENTERTAINMENT INC (WBTN) stock?
WEBTOON ENTERTAINMENT INC (WBTN) has a support level at 8.74 and a resistance level at 12.42. Check the full technical report for our detailed analysis of WBTN support and resistance levels.