WELLCHANGE HOLDINGS CO LTD-A (WCT) Stock Technical Analysis
NASDAQ:WCT • KYG9545M1151
We assign a technical rating of 0 out of 10 to WCT. WCT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, WCT is a bad performer in the overall market: 98% of all stocks are doing better.
- WCT is part of the Software industry. There are 276 other stocks in this industry, of which 86% are performing better than WCT.
- WCT 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 WCT has a been trading in the 0.12 - 0.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, WCT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.16. Right above this resistance zone may be a good entry point.
More info and screens
0.13
We found 1 important support area.
- A support zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @0.27 from a horizontal 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 WCT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WCT is down. |
| ChartMill Relative Strength | 2.04 | NEGATIVE | WCT has a low relative strength, it was outperformed by 97.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WCT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WCT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WCT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.76 | NEUTRAL | The RSI value for WCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.53 | NEUTRAL | The Stochastics value for WCT is a neutral value. |
| Average True Range in percent/ATR (20) | 17.09 | HIGH VOLATILITY | The high ATR as a percentage value for WCT suggests high volalility. |
| Average Directional Index/ADX (14) | 22.6 | NEUTRAL | The ADX value for WCT suggests a possible start of a new trend. |
0.1354
0 (-2.17%)
WELLCHANGE HOLDINGS CO LTD-A / WCT FAQ
What is the ChartMill technical rating of WELLCHANGE HOLDINGS CO LTD-A (WCT) stock?
ChartMill assigns a technical rating of 0 / 10 to WCT.
What is the current trend direction of WELLCHANGE HOLDINGS CO LTD-A (WCT) stock?
The current trend direction for WELLCHANGE HOLDINGS CO LTD-A (WCT) is Bearish.
What is the RSI signal for WELLCHANGE HOLDINGS CO LTD-A (WCT) stock?
WELLCHANGE HOLDINGS CO LTD-A (WCT) has an RSI value of 43.7596. This indicates that the stock is currently neutral.
What is the short term momentum for WELLCHANGE HOLDINGS CO LTD-A (WCT) stock?
The short term momentum for WELLCHANGE HOLDINGS CO LTD-A (WCT) is negative.
What is the buy/sell signal for WCT stock?
The buy/sell signal for WELLCHANGE HOLDINGS CO LTD-A (WCT) is sell as both the short term and long term trends are negative.