WEBUS INTERNATIONAL LTD (WETO) Stock Technical Analysis
NASDAQ:WETO - KYG9513A1013 - Common Stock
2.2 USD
+0.03 (+1.38%)
Taking everything into account, WETO scores 3 out of 10 in our technical rating. In the past year, WETO 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.
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 one of the lesser performing stocks in the Ground Transportation industry. 89% of 40 stocks in the same industry do better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
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 WETO has a been trading in the 1.65 - 2.28 range, which is quite wide. It is currently trading near the high of this range.
WETO has an average volume of 1081180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
WETO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.18. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.79
2.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.18 to 2.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.90 to 1.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.81 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 | NEUTRAL | NEUTRAL | The long term trend for WETO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WETO is up. |
| 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) | UP | POSITIVE | The current price of WETO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WETO is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 59.04 | NEUTRAL | The RSI value for WETO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WETO has a positive trend. |
| Stochastics (14,3) | 85.16 | OVERBOUGHT | The high Stochastics value suggests WETO may be overbought. |
| Average True Range in percent/ATR (20) | 8.73 | HIGH VOLATILITY | The high ATR as a percentage value for WETO suggests high volalility. |
| Average Directional Index/ADX (14) | 30.07 | POSITIVE | The high ADX value value for WETO suggests a strong 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:WETO (8/28/2025, 2:36:04 PM)
2.2
+0.03 (+1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg1.38%
1 Week13.61%
2 Weeks14.21%
1 Month23.3%
3 Month-25.17%
6 Month-42.29%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%8.73%
ATR Inc-21.2%
Range Today0.1
ADR(20)0.19
ADR(20)%8.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High2.28
10 Day Low1.77
20 Day High2.28
20 Day Low1.65
52 Week HighN/A
52 Week LowN/A
CS1 End1.91
CR1 Start2.18
Volume & EV
DER(3)-6.29%
DER(5)-8.41%
Volume40.79K
Volume Incr-64.43%
Vol(5)73.22K
Vol(50)1.08M