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. In the past year, WEAV was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
WEAV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 7.07, a Stop Loss order could be placed below this zone.
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6.90
When analyzing the support we notice one important area.
- A support zone ranging from 6.97 to 7.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 7.14 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. |
7.08
-0.1 (-1.39%)
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.