ANEW MEDICAL INC (WENA) Stock Technical Analysis
NASDAQ:WENA - Nasdaq - US7580831094 - Common Stock - Currency: USD
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 part of the Financial Services industry. There are 99 other stocks in this industry, of which 93% are performing better than WENA.
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 long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Considerably lower volume is observed in the last couple of days.
WENA 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.
More info and screens
0.71
0.73
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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.726
0 (-0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.55%
1 Week-13.05%
2 Weeks-22%
1 Month-30.86%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%12.61%
ATR Inc-40.92%
Range Today0.06
ADR(20)0.08
ADR(20)%11.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High0.92
10 Day Low0.72
20 Day High1.25
20 Day Low0.72
52 Week HighN/A
52 Week LowN/A
CS1 End0.72
CR1 StartN/A
Volume & EV
DER(3)-1.88%
DER(5)-3.93%
Volume22.70K
Volume Incr-96.87%
Vol(5)42.16K
Vol(50)2.17M