WETO Technical Analysis - WEBUS INTERNATIONAL LTD

Technical Rating and Analysis

Taking everything into account, WETO scores 0 out of 10 in our technical rating. WETO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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, WETO is a bad performer in the overall market: 100% of all stocks are doing better.

WETO is part of the Ground Transportation industry. There are 42 other stocks in this industry, of which 85% are performing better than WETO.

In the last month WETO has a been trading in the 1.48 - 2.51 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WEBUS INTERNATIONAL LTD / WETO Weekly stock chart

WEBUS INTERNATIONAL LTD / WETO Daily stock chart

Setup Rating and Analysis

The technical rating of WETO 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.57

2.08

2 important resistance areas can be observed.

A resistance zone ranging from 1.92 to 1.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 2.03 to 2.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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 WETO is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WETO is down.
ChartMill Relative Strength	0	NEGATIVE	WETO has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WETO is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WETO is below a declining SMA(50).
Relative Strength Index/RSI (14)	32.79	NEUTRAL	The RSI value for WETO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests WETO has a negative trend.
Stochastics (14,3)	6.97	OVERSOLD	The low Stochastics value suggests WETO may be oversold.
Average True Range in percent/ATR (20)	12.79	HIGH VOLATILITY	The high ATR as a percentage value for WETO suggests high volalility.
Average Directional Index/ADX (14)	19.81	NEGATIVE	The low ADX value for WETO suggests a weak or negative trend.