WETOUCH TECHNOLOGY INC (WETH) Stock Technical Analysis
USA - NASDAQ:WETH - US9618812088 - Common Stock
Taking everything into account, WETH scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WETH is showing a nice and steady performance.
Although WETH has an excellent technical rating, it does not present a decent entry opportunity 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.
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0.81
3 important support areas can be observed.
- Support @1.42 from a trend line in the daily time frame.
- A support zone ranging from 1.31 to 1.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.82 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for WETH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WETH is up. |
| ChartMill Relative Strength | 95.3 | POSITIVE | WETH has a high relative strength, it outperformed 95.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WETH is above the rising 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) | 76.21 | OVERBOUGHT | The high RSI value suggests WETH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests WETH has a positive trend. |
| Stochastics (14,3) | 91.26 | OVERBOUGHT | The high Stochastics value suggests WETH may be overbought. |
| Average True Range in percent/ATR (20) | 9.2 | HIGH VOLATILITY | The high ATR as a percentage value for WETH suggests high volalility. |
| Average Directional Index/ADX (14) | 48.39 | POSITIVE | The high ADX value value for WETH suggests a strong trend. |
2.19
-0.08 (-3.52%)
WETOUCH TECHNOLOGY INC / WETH FAQ
What is the ChartMill technical rating of WETOUCH TECHNOLOGY INC (WETH) stock?
ChartMill assigns a technical rating of 9 / 10 to WETH.
Can you provide the trend direction for WETOUCH TECHNOLOGY INC?
The current trend direction for WETOUCH TECHNOLOGY INC (WETH) is Bullish.
Can you provide the RSI signal for WETOUCH TECHNOLOGY INC?
WETOUCH TECHNOLOGY INC (WETH) has an RSI value of 76.2069. This indicates that the stock is currently overbought.
What is the MACD signal for WETH stock?
The MACD indicator for WETOUCH TECHNOLOGY INC (WETH) has a value of 0.0548052, indicating a bearish trend.
Can you provide the support and resistance levels for WETOUCH TECHNOLOGY INC?
WETOUCH TECHNOLOGY INC (WETH) has a support level at 1.42. Check the full technical report for our detailed analysis of WETH support and resistance levels.