WEAVE COMMUNICATIONS INC (WEAV) Technical Analysis
NYSE:WEAV • US94724R1086
Current stock price
WEAV Technical Rating and Analysis
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.
- 94% of all other stocks performed better in the past year than WEAV.
- WEAV is one of the lesser performing stocks in the Software industry. 73% of 277 stocks in the same industry do better.
- WEAV is currently trading near the lower end of its 52 week range, which is not a good sign. 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 4.65 - 5.98 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 2066550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WEAV Weekly and Daily overview Charts
WEAV Setup Rating and Analysis
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
WEAV Support and Resistance Analysis
4.83
We can see 5 important resistance areas.
- A resistance zone ranging from 5.16 to 5.24. 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 5.57 to 5.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.78 to 6.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.41 from a horizontal line in the daily time frame.
- Resistance @7.79 from a horizontal line in the daily time frame.
WEAV Technical Indicator Signal Analysis
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 | 6.43 | NEGATIVE | WEAV has a low relative strength, it was outperformed by 93.57% 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) | 36.33 | NEUTRAL | The RSI value for WEAV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WEAV has a positive trend. |
| Stochastics (14,3) | 15.62 | OVERSOLD | The low Stochastics value suggests WEAV may be oversold. |
| Average True Range in percent/ATR (20) | 7.06 | HIGH VOLATILITY | The high ATR as a percentage value for WEAV suggests high volalility. |
| Average Directional Index/ADX (14) | 34.58 | POSITIVE | The high ADX value value for WEAV suggests a strong trend. |
WEAV Chart- and CandleStick Pattern Analysis
WEAV Technicals: Chart, Performance Metrics, Trend & Indicators
4.88
0 (0%)
WEAVE COMMUNICATIONS INC / WEAV TA FAQ
What is the ChartMill technical rating of WEAVE COMMUNICATIONS INC (WEAV) stock?
ChartMill assigns a technical rating of 0 / 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 36.3319. 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 0.00236662, indicating a bearish trend.
What are the support and resistance levels for WEAVE COMMUNICATIONS INC (WEAV) stock?
WEAVE COMMUNICATIONS INC (WEAV) has a resistance level at 5.16. Check the full technical report for our detailed analysis of WEAV support and resistance levels.