WEIDAI LTD-ADR (WEI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:WEI • US94861A2078
Taking everything into account, WEI scores 0 out of 10 in our technical rating. WEI 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.
- 95% of all other stocks performed better in the past year than WEI.
- WEI is one of the lesser performing stocks in the Consumer Finance industry. 86% of 53 stocks in the same industry do better.
- WEI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month WEI has a been trading in the 0.71 - 1.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, WEI does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for WEI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.95
When analyzing the resistance we notice 3 important areas.
- Resistance @0.98 from a trend line in the daily time frame.
- A resistance zone ranging from 1.04 to 1.04. 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 1.09 to 1.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 WEI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WEI is down. |
| ChartMill Relative Strength | 5.07 | NEGATIVE | WEI has a low relative strength, it was outperformed by 94.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WEI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WEI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WEI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.69 | NEUTRAL | The RSI value for WEI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WEI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.6 | NEUTRAL | The Stochastics value for WEI is a neutral value. |
| Average True Range in percent/ATR (20) | 11.15 | HIGH VOLATILITY | The high ATR as a percentage value for WEI suggests high volalility. |
NYSE:WEI (5/16/2022, 8:04:00 PM)
0.96
+0.03 (+3.23%)
WEIDAI LTD-ADR / WEI FAQ
Can you provide the ChartMill technical rating for WEIDAI LTD-ADR?
ChartMill assigns a technical rating of 0 / 10 to WEI.
What is the current trend direction of WEIDAI LTD-ADR (WEI) stock?
The current trend direction for WEIDAI LTD-ADR (WEI) is Bearish.
Can you provide the RSI signal for WEIDAI LTD-ADR?
WEIDAI LTD-ADR (WEI) has an RSI value of 42.6898. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WEIDAI LTD-ADR?
The short term momentum for WEIDAI LTD-ADR (WEI) is negative.
Can you provide the buy/sell signal for WEIDAI LTD-ADR?
The buy/sell signal for WEIDAI LTD-ADR (WEI) is sell as both the short term and long term trends are negative.