WEAVE COMMUNICATIONS INC (WEAV) Stock Technical Analysis
NYSE:WEAV - New York Stock Exchange, Inc. - US94724R1086 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to WEAV. WEAV 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, WEAV is a bad performer in the overall market: 73% of all stocks are doing better.
WEAV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WEAV is lagging the market.
WEAV is part of the Software industry. There are 283 other stocks in this industry, WEAV did better than 44% of them.
In the last month WEAV has a been trading in the 9.05 - 11.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of WEAV is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.21
11.20
2 important support areas can be observed.
- Support @9.48 from a trend line in the weekly time frame.
- Support @9.30 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 10.32 to 10.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.81 to 10.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.03 to 11.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 WEAV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WEAV is down. |
| ChartMill Relative Strength | 27.85 | NEGATIVE | WEAV has a low relative strength, it was outperformed by 72.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WEAV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WEAV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WEAV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.77 | NEUTRAL | The RSI value for WEAV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests WEAV has a negative trend. |
| Stochastics (14,3) | 38.78 | NEUTRAL | The Stochastics value for WEAV is a neutral value. |
| Average True Range in percent/ATR (20) | 5 | MEDIUM VOLATILITY | The ATR as a percentage value for WEAV suggests some volalility. |
| Average Directional Index/ADX (14) | 17.36 | NEGATIVE | The low ADX value for WEAV 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)
9.74
+0.05 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.52%
1 Week-9.98%
2 Weeks-6.97%
1 Month-2.5%
3 Month-31.7%
6 Month-29.98%
12 Month10.06%
2 Year24.55%
3 Year95.19%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%5%
ATR Inc8.94%
Range Today0.31
ADR(20)0.43
ADR(20)%4.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.85
Mansfield-2.14
10 Day High11.32
10 Day Low9.59
20 Day High11.32
20 Day Low9.06
52 Week High17.63
52 Week Low8.18
CS1 End9.48
CR1 Start10.32
Volume & EV
DER(3)-2.47%
DER(5)-2.02%
Volume1.40M
Volume Incr40.48%
Vol(5)955.76K
Vol(50)787.90K