WATERDROP INC (WDH) Technical Analysis
NYSE:WDH • US94132V1052
Taking everything into account, WDH scores 1 out of 10 in our technical rating. WDH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month WDH has a been trading in the 1.71 - 1.91 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- WDH is one of the better performing stocks in the Insurance industry, it outperforms 90% of 149 stocks in the same industry.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the yearly performance of all stocks, we notice that WDH is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- WDH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WDH is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, WDH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WDH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.56
We found 2 important support areas.
- A support zone ranging from 1.70 to 1.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 5 important resistance areas.
- A resistance zone ranging from 1.77 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.82 from a trend line in the daily time frame.
- A resistance zone ranging from 1.88 to 1.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.95 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 | 73.59 | POSITIVE | WDH has a high relative strength, it outperformed 73.59% 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) | 45.11 | NEUTRAL | The RSI value for WDH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WDH has a negative trend. |
| Stochastics (14,3) | 25 | NEUTRAL | The Stochastics value for WDH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for WDH suggests some volalility. |
| Average Directional Index/ADX (14) | 12.51 | NEGATIVE | The low ADX value for WDH suggests a weak or negative trend. |
WDH Technicals: Chart, Performance Metrics, Trend & Indicators
1.75
-0.02 (-1.13%)
WATERDROP INC / WDH FAQ
Can you provide the ChartMill technical rating for WATERDROP INC?
ChartMill assigns a technical rating of 1 / 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 45.1145. 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 1.71 and a resistance level at 1.77. Check the full technical report for our detailed analysis of WDH support and resistance levels.