USA - NASDAQ:WETH - US9618812088 - Common Stock
Taking everything into account, WETH scores 7 out of 10 in our technical rating. In the last year, WETH was one of the better performers, but we do observe some doubts in the very recent evolution.
WETH has an excellent technical rating, but the quality of the setup is 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.
0.81
3 important support areas can be observed.
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 WETH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WETH is neutral. |
| ChartMill Relative Strength | 96.55 | POSITIVE | WETH has a high relative strength, it outperformed 96.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WETH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WETH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WETH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.98 | NEUTRAL | The RSI value for WETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests WETH has a negative trend. |
| Stochastics (14,3) | 17.6 | OVERSOLD | The low Stochastics value suggests WETH may be oversold. |
| Average True Range in percent/ATR (20) | 21.47 | HIGH VOLATILITY | The high ATR as a percentage value for WETH suggests high volalility. |
| Average Directional Index/ADX (14) | 27.35 | POSITIVE | The high ADX value value for WETH suggests a strong trend. |
2.06
-0.21 (-9.25%)
ChartMill assigns a technical rating of 7 / 10 to WETH.
The current trend direction for WETOUCH TECHNOLOGY INC (WETH) is Bullish.
WETOUCH TECHNOLOGY INC (WETH) has an RSI value of 45.977. This indicates that the stock is currently neutral.
The MACD indicator for WETOUCH TECHNOLOGY INC (WETH) has a value of -0.0860094, indicating a bearish trend.
WETOUCH TECHNOLOGY INC (WETH) has a support level at 1.65. Check the full technical report for our detailed analysis of WETH support and resistance levels.