WELLCHANGE HOLDINGS CO LTD (WCT) Stock Technical Analysis
NASDAQ:WCT - Nasdaq - KYG9545M1151 - Common Stock - Currency: USD
Overall WCT gets a technical rating of 0 out of 10. 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: 100% of all stocks are doing better.
WCT is part of the Software industry. There are 281 other stocks in this industry, of which 91% are performing better than WCT.
In the last month WCT has a been trading in the 0.18 - 0.28 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 1540070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, WCT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
0.17
0.24
2 important support areas can be observed.
- Support @0.18 from a trend line in the daily time frame.
- A support zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @0.24 from a trend 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 | 0 | NEGATIVE | WCT has a low relative strength, it was outperformed by 100% 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) | 42.2 | 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) | 13.47 | OVERSOLD | The low Stochastics value suggests WCT may be oversold. |
| Average True Range in percent/ATR (20) | 10.99 | HIGH VOLATILITY | The high ATR as a percentage value for WCT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.09 | NEGATIVE | The low ADX value for WCT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.1928
0 (-1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.63%
1 Week-22.04%
2 Weeks-8.63%
1 Month-10.37%
3 Month-20.66%
6 Month-90.21%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%10.99%
ATR Inc-17.02%
Range Today0.02
ADR(20)0.02
ADR(20)%10.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High0.28
10 Day Low0.18
20 Day High0.28
20 Day Low0.18
52 Week HighN/A
52 Week LowN/A
CS1 End0.18
CR1 Start0.24
Volume & EV
DER(3)-7.82%
DER(5)-6.38%
Volume794.40K
Volume Incr-26.89%
Vol(5)1.92M
Vol(50)1.54M