WEBUY GLOBAL LTD-CL A (WBUY) Technical Analysis
NASDAQ:WBUY • KYG9513S1104
Current stock price
WBUY Technical Rating and Analysis
Taking everything into account, WBUY scores 7 out of 10 in our technical rating. 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.
- 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 part of the Consumer Staples Distribution & Retail industry. There are 37 other stocks in this industry. WBUY outperforms 97% of them.
- 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 1740520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- 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. We also observe that the gains produced by WBUY over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 10 months ago.
- In the last month WBUY has a been trading in the 0.91 - 1.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WBUY Weekly and Daily overview Charts
WBUY Setup Rating and Analysis
Although WBUY has an excellent technical rating, it does not present a decent entry opportunity 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
WBUY Support and Resistance Analysis
1.01
When analyzing the support we can see 2 important areas.
- Support @1.20 from a horizontal line in the daily time frame.
- Support @1.02 from a trend line in the weekly time frame.
WBUY 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 | UP | POSITIVE | The short term trend for WBUY is up. |
| ChartMill Relative Strength | 99.61 | POSITIVE | WBUY has a high relative strength, it outperformed 99.61% 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) | DOWN | NEGATIVE | The current price of WBUY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.54 | OVERBOUGHT | The high RSI value suggests WBUY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests WBUY has a positive trend. |
| Stochastics (14,3) | 63.69 | NEUTRAL | The Stochastics value for WBUY is a neutral value. |
| Average True Range in percent/ATR (20) | 10.5 | HIGH VOLATILITY | The high ATR as a percentage value for WBUY suggests high volalility. |
| Average Directional Index/ADX (14) | 51.83 | POSITIVE | The high ADX value value for WBUY suggests a strong trend. |
WBUY Chart- and CandleStick Pattern Analysis
WBUY Technicals: Chart, Performance Metrics, Trend & Indicators
1.35
+0.06 (+4.65%)
WEBUY GLOBAL LTD-CL A / WBUY TA FAQ
What is the technical rating for WBUY stock?
ChartMill assigns a technical rating of 7 / 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.
What is the RSI signal for WBUY stock?
WEBUY GLOBAL LTD-CL A (WBUY) has an RSI value of 70.541. This indicates that the stock is currently overbought.
What is the buy/sell signal for WEBUY GLOBAL LTD-CL A (WBUY) stock?
The buy/sell signal for WEBUY GLOBAL LTD-CL A (WBUY) is hold as the short term and long term trends are mixed.
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 1.2. Check the full technical report for our detailed analysis of WBUY support and resistance levels.