WETOUCH TECHNOLOGY INC (WETH) Stock Technical Analysis
NASDAQ:WETH - Nasdaq - US9618812088 - Common Stock - Currency: USD
Overall WETH gets a technical rating of 0 out of 10. WETH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, WETH is a bad performer in the overall market: 97% of all stocks are doing better.
WETH is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 91% of 125 stocks in the same industry do better.
WETH 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 WETH is lagging the market.
In the last month WETH has a been trading in the 0.77 - 1.08 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
WETH has a poor technical rating and the quality of the setup is also 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.
More info and screens
0.89
1.05
3 important resistance areas can be observed.
- Resistance @0.92 from a trend line in the daily time frame.
- A resistance zone ranging from 1.01 to 1.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.04 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for WETH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WETH is down. |
| ChartMill Relative Strength | 3.89 | NEGATIVE | WETH has a low relative strength, it was outperformed by 96.11% 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) | DOWN | NEGATIVE | The current price of WETH is below a declining 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) | 38.24 | NEUTRAL | The RSI value for WETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WETH has a negative trend. |
| Stochastics (14,3) | 38.15 | NEUTRAL | The Stochastics value for WETH is a neutral value. |
| Average True Range in percent/ATR (20) | 7.83 | HIGH VOLATILITY | The high ATR as a percentage value for WETH suggests high volalility. |
| Average Directional Index/ADX (14) | 16.8 | NEGATIVE | The low ADX value for WETH suggests a weak or negative 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)
NASDAQ:WETH (6/20/2025, 8:04:57 PM)
0.8999
-0.02 (-2.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-2.2%
1 Week-5.02%
2 Weeks-9%
1 Month-9.99%
3 Month-40.01%
6 Month-44.45%
12 Month-61.87%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%7.83%
ATR Inc53.55%
Range Today0.15
ADR(20)0.07
ADR(20)%7.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.89
Mansfield-4.54
10 Day High1.01
10 Day Low0.77
20 Day High1.08
20 Day Low0.77
52 Week High3.62
52 Week Low0.76
CS1 EndN/A
CR1 Start0.92
Volume & EV
DER(3)20.2%
DER(5)7.45%
Volume74.10K
Volume Incr34.92%
Vol(5)53.20K
Vol(50)128.15K