WELL-DB Technical Analysis - WELL HEALTH TECHNOLOGIES

Technical Rating and Analysis

Taking everything into account, WELL-DB scores 3 out of 10 in our technical rating. WELL-DB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

When compared to the yearly performance of all other stocks, WELL-DB outperforms 51% of them, which is more or less in line with the market.

WELL-DB is part of the Health Care Providers & Services industry. There are 16 other stocks in this industry, WELL-DB did better than 60% of them.

WELL-DB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WELL-DB is lagging the market slightly.

In the last month WELL-DB has a been trading in a tight range between 96.01 and 100.00.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WELL HEALTH TECHNOLOGIES / WELL-DB Weekly stock chart

WELL HEALTH TECHNOLOGIES / WELL-DB Daily stock chart

Setup Rating and Analysis

WELL-DB has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

94.06

103.53

We found 1 important support area.

A support zone ranging from 95.01 to 98.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 99.04 to 100.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 102.00 to 102.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for WELL-DB.CA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for WELL-DB.CA is neutral.
ChartMill Relative Strength	51.3	NEUTRAL	WELL-DB.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of WELL-DB.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of WELL-DB.CA is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of WELL-DB.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	51.79	NEUTRAL	The RSI value for WELL-DB.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests WELL-DB.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	46.05	NEUTRAL	The Stochastics value for WELL-DB.CA is a neutral value.
Average True Range in percent/ATR (20)	1.12	LOW VOLATILITY	The low ATR as a percentage value for WELL-DB.CA suggests low volalility.
Average Directional Index/ADX (14)	14.28	NEGATIVE	The low ADX value for WELL-DB.CA suggests a weak or negative trend.