WETOUCH TECHNOLOGY INC (WETH) Stock Technical Analysis
NASDAQ:WETH - US9618812088 - Common Stock
1.14 USD
-0.01 (-0.87%)
1.1101 USD
-0.03 (-2.62%)
We assign a technical rating of 5 out of 10 to WETH. In the past year, WETH was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
82% of all other stocks performed better in the past year than WETH.
WETH is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 70% of 125 stocks in the same industry do better.
WETH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month WETH has a been trading in the 0.78 - 1.19 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
WETH has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.81
1.17
When analyzing the support we notice one important area.
- Support @0.82 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.15 to 1.16. 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 | NEUTRAL | NEUTRAL | The long term trend for WETH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WETH is up. |
| ChartMill Relative Strength | 18.52 | NEGATIVE | WETH has a low relative strength, it was outperformed by 81.48% 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) | DOWN | NEGATIVE | The current price of WETH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.44 | NEUTRAL | The RSI value for WETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests WETH has a positive trend. |
| Stochastics (14,3) | 81.91 | OVERBOUGHT | The high Stochastics value suggests WETH may be overbought. |
| Average True Range in percent/ATR (20) | 7.54 | HIGH VOLATILITY | The high ATR as a percentage value for WETH suggests high volalility. |
| Average Directional Index/ADX (14) | 23.22 | NEUTRAL | The ADX value for WETH suggests a possible start of a new 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)
1.14
-0.01 (-0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.87%
1 Week31.05%
2 Weeks28.1%
1 Month33.18%
3 Month19.31%
6 Month-20.83%
12 Month-34.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%7.54%
ATR Inc112.27%
Range Today0.1
ADR(20)0.08
ADR(20)%7.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.52
Mansfield-2.45
10 Day High1.19
10 Day Low0.82
20 Day High1.19
20 Day Low0.78
52 Week High2.96
52 Week Low0.76
CS1 End0.82
CR1 Start1.15
Volume & EV
DER(3)1.36%
DER(5)-0.74%
Volume114.60K
Volume Incr846.58%
Vol(5)614.38K
Vol(50)119.71K