Taking everything into account, WETH scores 3 out of 10 in our technical rating. WETH has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The technical rating of WETH is bad and it also does not present a 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
0.81
We found 4 important support areas.
- A support zone ranging from 1.71 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.49 to 1.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.38 from a trend line in the daily time frame.
- Support @0.82 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.53 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for WETH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WETH is neutral. |
| ChartMill Relative Strength | 49.43 | NEUTRAL | WETH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WETH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WETH is below a declining 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) | 52.65 | NEUTRAL | The RSI value for WETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WETH has a positive trend. |
| Stochastics (14,3) | 78.92 | NEUTRAL | The Stochastics value for WETH is a neutral value. |
| Average True Range in percent/ATR (20) | 9.19 | HIGH VOLATILITY | The high ATR as a percentage value for WETH suggests high volalility. |
| Average Directional Index/ADX (14) | 34.53 | POSITIVE | The high ADX value value for WETH suggests a strong trend. |
NASDAQ:WETH (1/9/2026, 2:10:56 PM)
1.9
+0.2 (+11.76%)
WETOUCH TECHNOLOGY INC / WETH FAQ
What is the ChartMill technical rating of WETOUCH TECHNOLOGY INC (WETH) stock?
ChartMill assigns a technical rating of 3 / 10 to WETH.
What is the current trend direction of WETOUCH TECHNOLOGY INC (WETH) stock?
The current trend direction for WETOUCH TECHNOLOGY INC (WETH) is Bearish.
Can you provide the RSI signal for WETOUCH TECHNOLOGY INC?
WETOUCH TECHNOLOGY INC (WETH) has an RSI value of 52.6514. This indicates that the stock is currently neutral.
What is the MACD signal for WETH stock?
The MACD indicator for WETOUCH TECHNOLOGY INC (WETH) has a value of 0.0404684, indicating a bearish trend.