WEWORK INC-CL A (WE) Stock Technical Analysis
NYSE:WE - New York Stock Exchange, Inc. - US96209A4013 - Common Stock - Currency: USD
Overall WE gets a technical rating of 0 out of 10. WE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, WE is a bad performer in the overall market: 100% of all stocks are doing better.
WE is one of the lesser performing stocks in the Real Estate Management & Development industry. 92% of 64 stocks in the same industry do better.
WE 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 has a been trading in the 0.82 - 2.83 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.
WE has an average volume of 8324410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of WE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.83
1.56
When analyzing the resistance we notice 2 important areas.
- Resistance @1.48 from a trend line in the daily time frame.
- Resistance @1.54 from a trend 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 | DOWN | NEGATIVE | The long term trend for WE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WE is down. |
| ChartMill Relative Strength | 0.14 | NEGATIVE | WE has a low relative strength, it was outperformed by 99.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.15 | OVERSOLD | The low RSI value suggests WE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests WE has a negative trend. |
| Stochastics (14,3) | 4.56 | OVERSOLD | The low Stochastics value suggests WE may be oversold. |
| Average True Range in percent/ATR (20) | 43.02 | HIGH VOLATILITY | The high ATR as a percentage value for WE suggests high volalility. |
| Average Directional Index/ADX (14) | 13.99 | NEGATIVE | The low ADX value for WE 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)
0.8355
-0.27 (-24.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg-24.73%
1 Week-65.76%
2 Weeks-59.24%
1 Month-62.19%
3 Month-90.68%
6 Month-95.29%
12 Month-99.2%
2 Year-99.76%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%43.02%
ATR Inc-22.19%
Range Today0.38
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
CRS0.14
Mansfield-9.76
10 Day High2.83
10 Day Low0.82
20 Day High2.83
20 Day Low0.82
52 Week High130.8
52 Week Low0.82
CS1 EndN/A
CR1 Start1.48
Volume & EV
DER(3)-1.35%
DER(5)-1.13%
Volume15.36M
Volume Incr273.39%
Vol(5)6.73M
Vol(50)8.32M