WATERDROP INC (WDH) Stock Technical Analysis
USA - NYSE:WDH - US94132V1052 - ADR
We assign a technical rating of 2 out of 10 to WDH. Although WDH is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of WDH 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.
More info and screens
1.20
When analyzing the support we can see 2 important areas.
- Support @1.54 from a trend line in the weekly time frame.
- Support @1.21 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.75 to 1.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.91 from a trend line in the weekly time frame.
- Resistance @2.04 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 | NEUTRAL | NEUTRAL | The long term trend for WDH is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WDH is down. |
| ChartMill Relative Strength | 83.83 | POSITIVE | WDH has a high relative strength, it outperformed 83.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WDH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WDH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WDH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.44 | NEUTRAL | The RSI value for WDH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WDH has a negative trend. |
| Stochastics (14,3) | 24.9 | NEUTRAL | The Stochastics value for WDH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for WDH suggests some volalility. |
| Average Directional Index/ADX (14) | 17.74 | NEGATIVE | The low ADX value for WDH suggests a weak or negative trend. |
1.67
-0.06 (-3.47%)
WATERDROP INC / WDH FAQ
Can you provide the ChartMill technical rating for WATERDROP INC?
ChartMill assigns a technical rating of 2 / 10 to WDH.
What is the current trend direction of WATERDROP INC (WDH) stock?
The current trend direction for WATERDROP INC (WDH) is Bearish.
What is the RSI signal for WATERDROP INC (WDH) stock?
WATERDROP INC (WDH) has an RSI value of 34.4403. This indicates that the stock is currently neutral.
What is the MACD signal for WDH stock?
The MACD indicator for WATERDROP INC (WDH) has a value of -0.010432, indicating a bearish trend.
What are the support and resistance levels for WATERDROP INC (WDH) stock?
WATERDROP INC (WDH) has a support level at 1.54 and a resistance level at 1.75. Check the full technical report for our detailed analysis of WDH support and resistance levels.