WATERDROP INC (WDH) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:WDH • US94132V1052
Overall WDH gets a technical rating of 4 out of 10. 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.
- In the last month WDH has a been trading in the 1.66 - 1.94 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, WDH did better than 79% of all other stocks. On top of that, WDH also shows a nice and consistent pattern of rising prices.
- WDH is one of the better performing stocks in the Insurance industry, it outperforms 90% of 148 stocks in the same industry.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- WDH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WDH is lagging the market.
WDH 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.
More info and screens
1.56
We found 1 important support area.
- A support zone ranging from 1.58 to 1.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.78 to 1.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.90 to 1.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.99 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 | 79.09 | POSITIVE | WDH has a high relative strength, it outperformed 79.09% 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) | UP | MIXED | The current price of WDH is below the rising 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) | 36.92 | NEUTRAL | The RSI value for WDH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests WDH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.86 | OVERSOLD | The low Stochastics value suggests WDH may be oversold. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for WDH suggests some volalility. |
| Average Directional Index/ADX (14) | 18.36 | NEGATIVE | The low ADX value for WDH suggests a weak or negative trend. |
1.69
-0.02 (-1.17%)
WATERDROP INC / WDH FAQ
Can you provide the ChartMill technical rating for WATERDROP INC?
ChartMill assigns a technical rating of 4 / 10 to WDH.
Can you provide the trend direction for WATERDROP INC?
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 36.9209. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for WATERDROP INC?
WATERDROP INC (WDH) has a support level at 1.61 and a resistance level at 1.78. Check the full technical report for our detailed analysis of WDH support and resistance levels.