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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 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 87% are performing better than WETO.
- In the last month WETO has a been trading in the 0.63 - 1.08 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.
The technical rating of WETO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.63
We can see 2 important resistance areas.
- A resistance zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.21 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 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) | 20.62 | OVERSOLD | The low RSI value suggests WETO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WETO has a negative trend. |
| Stochastics (14,3) | 8.28 | OVERSOLD | The low Stochastics value suggests WETO may be oversold. |
| Average True Range in percent/ATR (20) | 8.83 | HIGH VOLATILITY | The high ATR as a percentage value for WETO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.72 | NEUTRAL | The ADX value for WETO suggests a possible start of a new trend. |
0.6409
-0.05 (-7.12%)
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 20.6241. This indicates that the stock is currently oversold.
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 0.78. Check the full technical report for our detailed analysis of WETO support and resistance levels.