WELL Technical Analysis - WELL HEALTH TECHNOLOGIES COR

Technical Rating and Analysis

Overall WELL gets a technical rating of 8 out of 10. Although WELL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month WELL has a been trading in the 4.54 - 5.28 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When comparing the performance of all stocks over the past year, WELL turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.

WELL is part of the Health Care Providers & Services industry. There are 15 other stocks in this industry, WELL did better than 64% of them.

WELL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WELL is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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 COR / WELL Weekly stock chart

WELL HEALTH TECHNOLOGIES COR / WELL Daily stock chart

Setup Rating and Analysis

Although WELL has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.71

5.12

4 important support areas can be observed.

A support zone ranging from 4.65 to 4.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @4.57 from a horizontal line in the daily time frame.
Support @3.89 from a trend line in the weekly time frame.
Support @3.75 from a horizontal line in the daily time frame.

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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	UP	POSITIVE	The long term trend for WELL.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for WELL.CA is up.
ChartMill Relative Strength	69.12	NEUTRAL	WELL.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of WELL.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of WELL.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of WELL.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)	62.55	NEUTRAL	The RSI value for WELL.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests WELL.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	81.66	OVERBOUGHT	The high Stochastics value suggests WELL.CA may be overbought.
Average True Range in percent/ATR (20)	2.7	MEDIUM VOLATILITY	The ATR as a percentage value for WELL.CA suggests some volalility.
Average Directional Index/ADX (14)	34.26	POSITIVE	The high ADX value value for WELL.CA suggests a strong trend.