We assign a technical rating of 2 out of 10 to WBUY. Although WBUY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
WBUY has a poor technical rating and the quality of the setup is also only medium 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.
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1.28
When analyzing the support we notice one important area.
- A support zone ranging from 1.29 to 1.30. 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 | DOWN | NEGATIVE | The long term trend for WBUY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WBUY is down. |
| ChartMill Relative Strength | 99.68 | POSITIVE | WBUY has a high relative strength, it outperformed 99.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WBUY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WBUY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WBUY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.49 | NEUTRAL | The RSI value for WBUY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WBUY has a negative trend. |
| Stochastics (14,3) | 19.79 | OVERSOLD | The low Stochastics value suggests WBUY may be oversold. |
| Average True Range in percent/ATR (20) | 14.42 | HIGH VOLATILITY | The high ATR as a percentage value for WBUY suggests high volalility. |
| Average Directional Index/ADX (14) | 35.6 | POSITIVE | The high ADX value value for WBUY suggests a strong trend. |
1.32
-0.1 (-7.04%)
WEBUY GLOBAL LTD-CL A / WBUY FAQ
What is the technical rating for WBUY stock?
ChartMill assigns a technical rating of 2 / 10 to WBUY.
What is the current trend direction of WEBUY GLOBAL LTD-CL A (WBUY) stock?
The current trend direction for WEBUY GLOBAL LTD-CL A (WBUY) is Bearish.
Can you provide the RSI signal for WEBUY GLOBAL LTD-CL A?
WEBUY GLOBAL LTD-CL A (WBUY) has an RSI value of 41.4854. This indicates that the stock is currently neutral.
What is the short term momentum for WBUY stock?
The short term momentum for WEBUY GLOBAL LTD-CL A (WBUY) is negative.
Can you provide the support and resistance levels for WEBUY GLOBAL LTD-CL A?
WEBUY GLOBAL LTD-CL A (WBUY) has a support level at 1.3. Check the full technical report for our detailed analysis of WBUY support and resistance levels.