WEYCO GROUP INC (WEYS) Stock Technical Analysis
NASDAQ:WEYS - Nasdaq - US9621491003 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to WEYS. In the past year, WEYS 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.
62% of all other stocks performed better in the past year than WEYS.
Warning: WEYS has an average volume of 19098 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
WEYS is part of the Distributors industry. There are 18 other stocks in this industry. WEYS outperforms 76% of them.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
WEYS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WEYS is lagging the market slightly.
In the last month WEYS has a been trading in the 28.06 - 34.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, WEYS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 33.16. Right above this resistance zone may be a good entry point.
More info and screens
26.93
37.68
When analyzing the support we notice one important area.
- A support zone ranging from 27.20 to 27.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 33.16 to 33.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 34.30 to 34.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @37.31 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 | NEUTRAL | NEUTRAL | The long term trend for WEYS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WEYS is neutral. |
| ChartMill Relative Strength | 38.79 | NEUTRAL | WEYS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WEYS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WEYS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WEYS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.82 | NEUTRAL | The RSI value for WEYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests WEYS has a negative trend. |
| Stochastics (14,3) | 35.09 | NEUTRAL | The Stochastics value for WEYS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.85 | MEDIUM VOLATILITY | The ATR as a percentage value for WEYS suggests some volalility. |
| Average Directional Index/ADX (14) | 23.56 | NEUTRAL | The ADX value for WEYS suggests a possible start of a new 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)
31.19
-0.29 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg-0.92%
1 Week-6.14%
2 Weeks-4.33%
1 Month9.3%
3 Month-13.17%
6 Month-14.43%
12 Month4.14%
2 Year14.92%
3 Year11.39%
5 Year67.06%
10 Year11.35%
15 Year35.67%
Volatility
ATR(14)1.57
ATR(20)%4.85%
ATR Inc-54.64%
Range Today0.46
ADR(20)1.45
ADR(20)%4.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.79
Mansfield-0.72
10 Day High34
10 Day Low30.78
20 Day High34
20 Day Low28.06
52 Week High41.05
52 Week Low25.51
CS1 End27.41
CR1 Start33.16
Volume & EV
DER(3)-1.79%
DER(5)-0.75%
Volume7.50K
Volume Incr-41.63%
Vol(5)14.18K
Vol(50)19.10K