ANEW MEDICAL INC (WENA) Technical Analysis
NASDAQ:WENA • US7580831094
Current stock price
WENA Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to WENA. WENA performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, WENA is a bad performer in the overall market: 100% of all stocks are doing better.
- WENA is one of the lesser performing stocks in the Financial Services industry. 92% of 99 stocks in the same industry do better.
- In the last month WENA has a been trading in the 0.72 - 1.25 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- WENA has an average volume of 2165390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Considerably lower volume is observed in the last couple of days.
WENA Weekly and Daily overview Charts
WENA Setup Rating and Analysis
WENA has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
WENA Support and Resistance Analysis
0.71
When analyzing the support we notice one important area.
- A support zone ranging from 0.72 to 0.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
WENA 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 WENA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WENA is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | WENA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WENA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WENA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 31.96 | NEUTRAL | The RSI value for WENA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WENA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.5 | OVERSOLD | The low Stochastics value suggests WENA may be oversold. |
| Average True Range in percent/ATR (20) | 12.61 | HIGH VOLATILITY | The high ATR as a percentage value for WENA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.31 | NEGATIVE | The low ADX value for WENA suggests a weak or negative trend. |
WENA Chart- and CandleStick Pattern Analysis
WENA Technicals: Chart, Performance Metrics, Trend & Indicators
0.726
0 (-0.55%)
ANEW MEDICAL INC / WENA TA FAQ
Can you provide the ChartMill technical rating for ANEW MEDICAL INC?
ChartMill assigns a technical rating of 1 / 10 to WENA.
Can you provide the trend direction for ANEW MEDICAL INC?
The current trend direction for ANEW MEDICAL INC (WENA) is Bullish.
Can you provide the RSI signal for ANEW MEDICAL INC?
ANEW MEDICAL INC (WENA) has an RSI value of 31.9615. This indicates that the stock is currently neutral.
What is the short term momentum for WENA stock?
The short term momentum for ANEW MEDICAL INC (WENA) is negative.
What is the buy/sell signal for ANEW MEDICAL INC (WENA) stock?
The buy/sell signal for ANEW MEDICAL INC (WENA) is hold as the short term and long term trends are mixed.