NASDAQ:WCBR - Nasdaq - US97717Y6591 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to WCBR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WCBR is showing a nice and steady performance.
Besides having an excellent technical rating, WCBR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 31.03, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
23.57
4 important support areas can be observed.
We found 1 important resistance area.
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 | UP | POSITIVE | The long term trend for WCBR is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WCBR is up. |
ChartMill Relative Strength | 84.45 | POSITIVE | WCBR has a high relative strength, it outperformed 84.45% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WCBR is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WCBR is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WCBR is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 61.29 | NEUTRAL | The RSI value for WCBR is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests WCBR has a negative trend. |
Stochastics (14,3) | 84.83 | OVERBOUGHT | The high Stochastics value suggests WCBR may be overbought. |
Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for WCBR suggests low volalility. |
Average Directional Index/ADX (14) | 24.45 | NEUTRAL | The ADX value for WCBR suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
31.82 | 29.40 | 2.42 (7.61%) | 13.15% |
An entry @31.82. This is a Buy Stop order right above the 10 day high. | An exit @29.40. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.42 points, which is 7.61%. | When investing 13.15% of your capital in this trade, your total portfolio risk will be 1.00%. |
31.195
-0.2 (-0.65%)