Overall WBUY gets a technical rating of 4 out of 10. In the past year, WBUY was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 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.
- WBUY is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 100% of 38 stocks in the same industry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- WBUY has an average volume of 1277980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that WBUY is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month WBUY has a been trading in the 1.23 - 1.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WBUY 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
1.29
3 important support areas can be observed.
- A support zone ranging from 1.81 to 1.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.33 from a trend line in the daily time frame.
- Support @1.30 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @2.32 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 | NEUTRAL | NEUTRAL | The short term trend for WBUY is neutral. |
| ChartMill Relative Strength | 99.81 | POSITIVE | WBUY has a high relative strength, it outperformed 99.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WBUY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WBUY is above the rising 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) | 58.01 | NEUTRAL | The RSI value for WBUY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests WBUY has a positive trend. |
| Stochastics (14,3) | 66.04 | NEUTRAL | The Stochastics value for WBUY is a neutral value. |
| Average True Range in percent/ATR (20) | 10.87 | HIGH VOLATILITY | The high ATR as a percentage value for WBUY suggests high volalility. |
| Average Directional Index/ADX (14) | 28.73 | POSITIVE | The high ADX value value for WBUY suggests a strong trend. |
1.82
+0.06 (+3.41%)
WEBUY GLOBAL LTD-CL A / WBUY FAQ
What is the technical rating for WBUY stock?
ChartMill assigns a technical rating of 4 / 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 58.0107. 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 neutral.
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 1.81 and a resistance level at 2.32. Check the full technical report for our detailed analysis of WBUY support and resistance levels.