WEBUY GLOBAL LTD-CL A (WBUY) Stock Technical Analysis
NASDAQ:WBUY • KYG9513S1104
Overall WBUY gets a technical rating of 2 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- WBUY is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month WBUY has a been trading in the 1.00 - 1.94 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- WBUY is part of the Consumer Staples Distribution & Retail industry. There are 38 other stocks in this industry. WBUY outperforms 100% of them.
- Looking at the yearly performance, WBUY did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
More info and screens
1.08
2 important resistance areas can be observed.
- Resistance @1.37 from a trend line in the weekly time frame.
- Resistance @1.59 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 WBUY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WBUY is down. |
| ChartMill Relative Strength | 99.31 | POSITIVE | WBUY has a high relative strength, it outperformed 99.31% 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) | 39.16 | NEUTRAL | The RSI value for WBUY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests WBUY has a negative trend. |
| Stochastics (14,3) | 16.16 | OVERSOLD | The low Stochastics value suggests WBUY may be oversold. |
| Average True Range in percent/ATR (20) | 17.19 | HIGH VOLATILITY | The high ATR as a percentage value for WBUY suggests high volalility. |
| Average Directional Index/ADX (14) | 16.8 | NEGATIVE | The low ADX value for WBUY suggests a weak or negative trend. |
1.09
+0.01 (+0.93%)
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 39.1607. 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 resistance level at 1.37. Check the full technical report for our detailed analysis of WBUY support and resistance levels.