WEAVE COMMUNICATIONS INC (WEAV) Stock Technical Analysis
NYSE:WEAV - New York Stock Exchange, Inc. - US94724R1086 - Common Stock - Currency: USD
Taking everything into account, WEAV scores 0 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, WEAV is a bad performer in the overall market: 85% of all stocks are doing better.
WEAV is one of the lesser performing stocks in the Software industry. 69% of 284 stocks in the same industry do better.
WEAV is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so WEAV is lagging the market.
In the last month WEAV has a been trading in the 7.91 - 10.11 range, which is quite wide. It is currently trading near the lows of this range.
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
8.04
10.36
When analyzing the support we notice one important area.
- A support zone ranging from 8.12 to 8.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @8.98 from a trend line in the daily time frame.
- Resistance @10.26 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 WEAV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WEAV is down. |
| ChartMill Relative Strength | 15.24 | NEGATIVE | WEAV has a low relative strength, it was outperformed by 84.76% 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) | 28.18 | OVERSOLD | The low RSI value suggests WEAV may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests WEAV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.39 | OVERSOLD | The low Stochastics value suggests WEAV may be oversold. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for WEAV suggests some volalility. |
| Average Directional Index/ADX (14) | 30.83 | POSITIVE | The high ADX value value for WEAV suggests a strong 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)
8.16
+0.03 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.37%
1 Week-4.34%
2 Weeks-17.66%
1 Month-16.22%
3 Month-25.89%
6 Month-49.38%
12 Month-9.53%
2 Year-26.55%
3 Year168.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%4.12%
ATR Inc15.93%
Range Today0.29
ADR(20)0.32
ADR(20)%3.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.24
Mansfield-3.56
10 Day High10.04
10 Day Low7.91
20 Day High10.11
20 Day Low7.91
52 Week High17.63
52 Week Low7.91
CS1 End8.12
CR1 Start8.98
Volume & EV
DER(3)-1.22%
DER(5)0.66%
Volume580.40K
Volume Incr5.16%
Vol(5)850.58K
Vol(50)740.44K