Overall WEYS gets a technical rating of 4 out of 10. In the last year, WEYS was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
WEYS has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
26.93
4 important support areas can be observed.
- A support zone ranging from 30.80 to 31.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.50 from a horizontal line in the weekly time frame.
- Support @28.05 from a horizontal line in the daily time frame.
- A support zone ranging from 27.20 to 27.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 34.02 to 34.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 34.76 to 34.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 44.4 | NEUTRAL | WEYS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WEYS is below a declining 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 | POSITIVE | The current price of WEYS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.82 | NEUTRAL | The RSI value for WEYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests WEYS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.92 | OVERSOLD | The low Stochastics value suggests WEYS may be oversold. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for WEYS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.84 | NEGATIVE | The low ADX value for WEYS suggests a weak or negative trend. |
31.56
+1.42 (+4.71%)
WEYCO GROUP INC / WEYS FAQ
What is the technical rating for WEYS stock?
ChartMill assigns a technical rating of 4 / 10 to WEYS.
What is the trend direction for WEYS stock?
The current trend direction for WEYCO GROUP INC (WEYS) is Bearish.
Can you provide the RSI signal for WEYCO GROUP INC?
WEYCO GROUP INC (WEYS) has an RSI value of 51.815. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WEYCO GROUP INC?
The short term momentum for WEYCO GROUP INC (WEYS) is neutral.
Can you provide the support and resistance levels for WEYCO GROUP INC?
WEYCO GROUP INC (WEYS) has a support level at 31.1 and a resistance level at 34.02. Check the full technical report for our detailed analysis of WEYS support and resistance levels.