WBX Technical Analysis - WALLBOX NV

Technical Rating and Analysis

Overall WBX gets a technical rating of 2 out of 10. In the past year, WBX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, WBX is a bad performer in the overall market: 98% of all stocks are doing better.

WBX is part of the Electrical Equipment industry. There are 92 other stocks in this industry, of which 87% are performing better than WBX.

WBX 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.

Warning: WBX has an average volume of 19520 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month WBX has a been trading in the 3.69 - 4.94 range, which is quite wide. It is currently trading near the high of this range.

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.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of WBX 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

4.66

5.39

When analyzing the support we notice one important area.

A support zone ranging from 4.71 to 4.72. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 4.74 to 4.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @5.34 from a trend line in the daily time frame.

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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 WBX is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for WBX is up.
ChartMill Relative Strength	2.75	NEGATIVE	WBX has a low relative strength, it was outperformed by 97.25% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of WBX is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of WBX is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WBX is below a declining SMA(200).
Relative Strength Index/RSI (14)	59.4	NEUTRAL	The RSI value for WBX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests WBX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	76.32	NEUTRAL	The Stochastics value for WBX is a neutral value.
Average True Range in percent/ATR (20)	4.58	MEDIUM VOLATILITY	The ATR as a percentage value for WBX suggests some volalility.
Average Directional Index/ADX (14)	25.44	POSITIVE	The high ADX value value for WBX suggests a strong trend.