WEAVE COMMUNICATIONS INC (WEAV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WEAV - US94724R1086 - Common Stock
We assign a technical rating of 3 out of 10 to WEAV. Recently some decent action could be observed, but in the medium term time frame this is still negative. WEAV was also a bad performer in the overall market in the last year.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 87% of all other stocks performed better in the past year than WEAV.
- WEAV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month WEAV has a been trading in the 6.64 - 7.70 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.
- WEAV has an average volume of 1435000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- WEAV is an average performer in the Software industry, it outperforms 40% of 276 stocks in the same industry.
WEAV has a poor technical rating and the quality of the setup is also not perfect 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
6.79
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 6.97 to 7.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.42 from a trend line in the daily time frame.
- Resistance @7.60 from a horizontal line in the daily time frame.
- Resistance @7.79 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 | DOWN | NEGATIVE | The long term trend for WEAV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WEAV is neutral. |
| ChartMill Relative Strength | 13.1 | NEGATIVE | WEAV has a low relative strength, it was outperformed by 86.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WEAV is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WEAV is above the rising 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) | 51.07 | NEUTRAL | The RSI value for WEAV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests WEAV has a negative trend. |
| Stochastics (14,3) | 42.01 | NEUTRAL | The Stochastics value for WEAV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.7 | MEDIUM VOLATILITY | The ATR as a percentage value for WEAV suggests some volalility. |
| Average Directional Index/ADX (14) | 17.64 | NEGATIVE | The low ADX value for WEAV suggests a weak or negative trend. |
NYSE:WEAV (1/14/2026, 3:00:04 PM)
6.855
-0.22 (-3.18%)
WEAVE COMMUNICATIONS INC / WEAV FAQ
What is the ChartMill technical rating of WEAVE COMMUNICATIONS INC (WEAV) stock?
ChartMill assigns a technical rating of 3 / 10 to WEAV.
What is the trend direction for WEAV stock?
The current trend direction for WEAVE COMMUNICATIONS INC (WEAV) is Bearish.
What is the RSI signal for WEAV stock?
WEAVE COMMUNICATIONS INC (WEAV) has an RSI value of 51.0749. This indicates that the stock is currently neutral.
What is the MACD signal for WEAVE COMMUNICATIONS INC (WEAV) stock?
The MACD indicator for WEAVE COMMUNICATIONS INC (WEAV) has a value of -0.0333555, indicating a bearish trend.
What are the support and resistance levels for WEAVE COMMUNICATIONS INC (WEAV) stock?
WEAVE COMMUNICATIONS INC (WEAV) has a support level at 7.07 and a resistance level at 7.14. Check the full technical report for our detailed analysis of WEAV support and resistance levels.