WECOMMERCE HOLDINGS LTD (WE.CA) Technical Analysis
TSX-V:WE • CA94847U1030
Current stock price
WE.CA Technical Rating and Analysis
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 one of the better performing stocks in the Software industry, it outperforms 96% of 66 stocks in the same industry.
- 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.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- 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.CA Weekly and Daily overview Charts
WE.CA Setup Rating and Analysis
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
WE.CA Support and Resistance Analysis
3.55
When analyzing the support we can see 4 important 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.
When analyzing the resistance we notice 3 important areas.
- 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.
WE.CA Technical Indicator Signal Analysis
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. |
WE.CA Chart- and CandleStick Pattern Analysis
WE.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:WE (8/24/2023, 7:00:00 PM)
3.99
-0.02 (-0.5%)
WECOMMERCE HOLDINGS LTD / WE.CA TA FAQ
What is the technical rating for WE stock?
ChartMill assigns a technical rating of 2 / 10 to WE.CA.
What is the current trend direction of WECOMMERCE HOLDINGS LTD (WE.CA) stock?
The current trend direction for WECOMMERCE HOLDINGS LTD (WE.CA) is Bearish.
What is the RSI signal for WE stock?
WECOMMERCE HOLDINGS LTD (WE.CA) has an RSI value of 53.0822. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WECOMMERCE HOLDINGS LTD?
The short term momentum for WECOMMERCE HOLDINGS LTD (WE.CA) is neutral.