WEAVE COMMUNICATIONS INC (WEAV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WEAV - US94724R1086 - Common Stock
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 technical rating of WEAV is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.25
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 6.32 to 6.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.81 to 6.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.13 from a trend line in the daily time frame.
- Resistance @7.27 from a trend line in the weekly time frame.
- Resistance @8.13 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 | DOWN | NEGATIVE | The short term trend for WEAV is down. |
| ChartMill Relative Strength | 8.63 | NEGATIVE | WEAV has a low relative strength, it was outperformed by 91.37% 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) | 48.56 | 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) | 38.65 | NEUTRAL | The Stochastics value for WEAV is a neutral value. |
| Average True Range in percent/ATR (20) | 5.33 | HIGH VOLATILITY | The high ATR as a percentage value for WEAV suggests high volalility. |
| Average Directional Index/ADX (14) | 17.81 | NEGATIVE | The low ADX value for WEAV suggests a weak or negative trend. |
6.31
+0.32 (+5.34%)
WEAVE COMMUNICATIONS INC / WEAV FAQ
What is the ChartMill technical rating of WEAVE COMMUNICATIONS INC (WEAV) stock?
ChartMill assigns a technical rating of 0 / 10 to WEAV.
Can you provide the trend direction for WEAVE COMMUNICATIONS INC?
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 48.5647. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WEAVE COMMUNICATIONS INC?
The MACD indicator for WEAVE COMMUNICATIONS INC (WEAV) has a value of 0.00162646, indicating a bearish trend.
Can you provide the buy/sell signal for WEAVE COMMUNICATIONS INC?
The buy/sell signal for WEAVE COMMUNICATIONS INC (WEAV) is sell as both the short term and long term trends are negative.