WCT Technical Analysis - WELLCHANGE HOLDINGS CO LTD-A

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to WCT. Recently some decent action could be observed, but in the medium term time frame this is still negative. WCT was also a bad performer in the overall market in the last year.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, WCT is a bad performer in the overall market: 88% of all stocks are doing better.

WCT is one of the lesser performing stocks in the Software industry. 69% of 283 stocks in the same industry do better.

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 0.26 - 0.50 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.

WCT has an average volume of 1503410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WELLCHANGE HOLDINGS CO LTD-A / WCT Weekly stock chart

WELLCHANGE HOLDINGS CO LTD-A / WCT Daily stock chart

Setup Rating and Analysis

WCT has an average technical rating and the quality of the presented setup is also not ideal 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

0.20

0.33

When analyzing the support we can see 3 important areas.

A support zone ranging from 0.31 to 0.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @0.22 from a trend line in the daily time frame.
Support @0.20 from a trend line in the daily time frame.

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What is Support and Resistance

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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 WCT is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for WCT is neutral.
ChartMill Relative Strength	12.18	NEGATIVE	WCT has a low relative strength, it was outperformed by 87.82% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of WCT is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of WCT is above the rising 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)	47.01	NEUTRAL	The RSI value for WCT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests WCT has a negative trend.
Stochastics (14,3)	30.17	NEUTRAL	The Stochastics value for WCT is a neutral value.
Average True Range in percent/ATR (20)	17.82	HIGH VOLATILITY	The high ATR as a percentage value for WCT suggests high volalility.
Average Directional Index/ADX (14)	42.68	POSITIVE	The high ADX value value for WCT suggests a strong trend.