WETRADE GROUP INC (WETG) Technical Analysis
NASDAQ:WETG • US9618842028
Current stock price
WETG Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to WETG. 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.
- When comparing the yearly performance of all stocks, WETG is a bad performer in the overall market: 85% of all stocks are doing 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.
- WETG is part of the Software industry. There are 277 other stocks in this industry, WETG did better than 56% of them.
- 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 Weekly and Daily overview Charts
WETG Setup Rating and Analysis
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
WETG Support and Resistance Analysis
3.62
When analyzing the support we notice one important area.
- Support @3.66 from a trend line in the daily time frame.
WETG 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 | 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. |
WETG Chart- and CandleStick Pattern Analysis
WETG Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:WETG (4/1/2024, 8:00:03 PM)
5.05
+0.25 (+5.21%)
WETRADE GROUP INC / WETG TA FAQ
What is the technical rating for WETG stock?
ChartMill assigns a technical rating of 4 / 10 to WETG.
Can you provide the trend direction for WETRADE GROUP INC?
The current trend direction for WETRADE GROUP INC (WETG) is Bearish.
What is the RSI signal for WETRADE GROUP INC (WETG) stock?
WETRADE GROUP INC (WETG) has an RSI value of 62.9468. This indicates that the stock is currently neutral.
What is the short term momentum for WETG stock?
The short term momentum for WETRADE GROUP INC (WETG) is positive.
Can you provide the buy/sell signal for WETRADE GROUP INC?
The buy/sell signal for WETRADE GROUP INC (WETG) is hold as the short term and long term trends are mixed.