WETRADE GROUP INC (WETG) Stock Technical Analysis
NASDAQ:WETG - Nasdaq - US9618842028 - Common Stock - Currency: USD
Overall WETG gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. WETG was also a bad performer in the overall market in the last year.
85% of all other stocks performed better in the past year than WETG.
WETG is one of the lesser performing stocks in the Software industry. 71% of 283 stocks in the same industry do better.
WETG is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so WETG is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month WETG has a been trading in the 3.10 - 6.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WETG has an average technical rating and it also 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.
More info and screens
3.62
5.10
When analyzing the support we notice one important area.
- Support @3.66 from a trend line in the daily time frame.
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 WETG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WETG is up. |
| ChartMill Relative Strength | 15.62 | NEGATIVE | WETG has a low relative strength, it was outperformed by 84.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WETG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WETG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WETG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.95 | NEUTRAL | The RSI value for WETG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests WETG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.18 | NEUTRAL | The Stochastics value for WETG is a neutral value. |
| Average True Range in percent/ATR (20) | 10.8 | HIGH VOLATILITY | The high ATR as a percentage value for WETG suggests high volalility. |
| Average Directional Index/ADX (14) | 30.73 | POSITIVE | The high ADX value value for WETG suggests a strong 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)
NASDAQ:WETG (4/1/2024, 8:00:03 PM)
5.05
+0.25 (+5.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg5.21%
1 Week22.28%
2 Weeks51.42%
1 Month45.95%
3 Month47.66%
6 Month-62.31%
12 Month-88.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%10.8%
ATR Inc96.49%
Range Today0.68
ADR(20)0.54
ADR(20)%10.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.62
Mansfield-4.92
10 Day High6.2
10 Day Low3.16
20 Day High6.2
20 Day Low3.1
52 Week High41.44
52 Week Low2.11
CS1 End3.66
CR1 StartN/A
Volume & EV
DER(3)-7.5%
DER(5)-5.45%
Volume9.30K
Volume Incr-35.3%
Vol(5)60.22K
Vol(50)121.96K