WBUY Technical Analysis - WEBUY GLOBAL LTD-CL A

Technical Rating and Analysis

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.

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 2.44 - 3.60 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 one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 97% of 39 stocks in the same industry.

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 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WEBUY GLOBAL LTD-CL A / WBUY Weekly stock chart

WEBUY GLOBAL LTD-CL A / WBUY Daily stock chart

Setup Rating and Analysis

The technical rating of WBUY is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.52

2.57

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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	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	99.58	POSITIVE	WBUY has a high relative strength, it outperformed 99.58% 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)	25.26	OVERSOLD	The low RSI value suggests WBUY may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests WBUY has a negative trend.
Stochastics (14,3)	5.96	OVERSOLD	The low Stochastics value suggests WBUY may be oversold.
Average True Range in percent/ATR (20)	8.94	HIGH VOLATILITY	The high ATR as a percentage value for WBUY suggests high volalility.
Average Directional Index/ADX (14)	16.96	NEGATIVE	The low ADX value for WBUY suggests a weak or negative trend.