WECOMMERCE HOLDINGS LTD (WE.CA) Stock Technical Analysis
TSX-V:WE - TSX Venture Exchange - CA94847U1030 - Common Stock - Currency: CAD
We assign a technical rating of 3 out of 10 to WE. Although WE 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.
Warning: WE has an average volume of 13106 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
WE is part of the Software industry. There are 63 other stocks in this industry. WE outperforms 82% of them.
In the last month WE has a been trading in the 3.83 - 4.08 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, WE did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
WE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WE is lagging the market.
WE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.99, a Stop Loss order could be placed below this zone.
More info and screens
3.55
4.95
We found 4 important support areas.
- A support zone ranging from 3.91 to 3.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.84 from a horizontal line in the daily time frame.
- Support @3.66 from a horizontal line in the weekly time frame.
- Support @3.59 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 4.04 to 4.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.51 to 4.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.90 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 WE.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WE.CA is neutral. |
| ChartMill Relative Strength | 93.47 | POSITIVE | WE.CA has a high relative strength, it outperformed 93.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WE.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WE.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.08 | NEUTRAL | The RSI value for WE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WE.CA has a positive trend. |
| Stochastics (14,3) | 70.91 | NEUTRAL | The Stochastics value for WE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for WE.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 17.95 | NEGATIVE | The low ADX value for WE.CA 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)
TSX-V:WE (8/24/2023, 7:00:00 PM)
3.99
-0.02 (-0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.5%
1 Week3.64%
2 Weeks0.5%
1 Month-1.48%
3 Month-11.14%
6 Month-12.88%
12 Month79.73%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%1.83%
ATR Inc11.22%
Range Today0.09
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.47
Mansfield0.98
10 Day High4.05
10 Day Low3.83
20 Day High4.08
20 Day Low3.83
52 Week High5.1
52 Week Low1.53
CS1 End3.99
CR1 Start4.04
Volume & EV
DER(3)-7.7%
DER(5)-13.03%
Volume9.22K
Volume Incr3.12%
Vol(5)13.15K
Vol(50)13.11K