WEWORK INC -CW26 (WE.W) Stock Technical Analysis
NYSE:WE.W - New York Stock Exchange, Inc. - US98459U1034 - Currency: USD
Taking everything into account, WE.W scores 0 out of 10 in our technical rating. WE.W scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than WE.W.
WE.W is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month WE.W has a been trading in the 0.01 - 0.05 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
WE.W has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.01
0.02
We found 1 important resistance area.
- A resistance zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for WE.W is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WE.W is down. |
| ChartMill Relative Strength | 0.76 | NEGATIVE | WE.W has a low relative strength, it was outperformed by 99.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WE.W is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WE.W is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WE.W is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.4 | NEUTRAL | The RSI value for WE.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WE.W has a negative trend. |
| Stochastics (14,3) | 0.83 | OVERSOLD | The low Stochastics value suggests WE.W may be oversold. |
| Average True Range in percent/ATR (20) | 150.85 | HIGH VOLATILITY | The high ATR as a percentage value for WE.W suggests high volalility. |
| Average Directional Index/ADX (14) | 19.05 | NEGATIVE | The low ADX value for WE.W 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)
NYSE:WE.W (8/21/2023, 8:13:02 PM)
0.0071
0 (-28.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-28.28%
1 Week-54.49%
2 Weeks-63.02%
1 Month-59.2%
3 Month-64.5%
6 Month-96.06%
12 Month-98.99%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%150.85%
ATR Inc-31.93%
Range Today0
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
CRS0.76
Mansfield-9.63
10 Day High0.04
10 Day Low0.01
20 Day High0.05
20 Day Low0.01
52 Week High0.8
52 Week Low0.01
CS1 EndN/A
CR1 Start0.02
Volume & EV
DER(3)-34.13%
DER(5)-29.59%
Volume103.60K
Volume Incr207.6%
Vol(5)136.68K
Vol(50)40.86K