We assign a technical rating of 0 out of 10 to WETO. 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.
WETO has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.85
We can see 4 important resistance areas.
- A resistance zone ranging from 0.89 to 0.90. 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 0.93 to 0.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.98 from a horizontal line in the daily time frame.
- Resistance @2.07 from a horizontal 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 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). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WETO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.82 | NEUTRAL | The RSI value for WETO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests WETO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 25.12 | NEUTRAL | The Stochastics value for WETO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.31 | HIGH VOLATILITY | The high ATR as a percentage value for WETO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.74 | NEGATIVE | The low ADX value for WETO suggests a weak or negative trend. |
0.8586
+0 (+0.1%)
WEBUS INTERNATIONAL LTD / WETO FAQ
Can you provide the ChartMill technical rating for WEBUS INTERNATIONAL LTD?
ChartMill assigns a technical rating of 0 / 10 to WETO.
What is the current trend direction of WEBUS INTERNATIONAL LTD (WETO) stock?
The current trend direction for WEBUS INTERNATIONAL LTD (WETO) is Bearish.
What is the RSI signal for WEBUS INTERNATIONAL LTD (WETO) stock?
WEBUS INTERNATIONAL LTD (WETO) has an RSI value of 37.8219. This indicates that the stock is currently neutral.
What is the buy/sell signal for WEBUS INTERNATIONAL LTD (WETO) stock?
The buy/sell signal for WEBUS INTERNATIONAL LTD (WETO) is sell as both the short term and long term trends are negative.
What is the support and resistance level for WETO stock?
WEBUS INTERNATIONAL LTD (WETO) has a resistance level at 0.89. Check the full technical report for our detailed analysis of WETO support and resistance levels.