WFA Technical Analysis - WENG FINE ART AG

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to WFA. WFA 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, WFA is a bad performer in the overall market: 67% of all stocks are doing better.

In the last month WFA has a been trading in the 4.40 - 4.78 range, which is quite wide. It is currently trading near the lows of this range.

Warning: WFA has an average volume of 1386 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

WFA is part of the Specialty Retail industry. There are 53 other stocks in this industry, WFA did better than 51% of them.

WFA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WFA is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WENG FINE ART AG / WFA Weekly stock chart

WENG FINE ART AG / WFA Daily stock chart

Setup Rating and Analysis

WFA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.45, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.12

5.30

We found 2 important support areas.

A support zone ranging from 4.42 to 4.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @4.16 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 4.48 to 4.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @4.96 from a trend line in the weekly time frame.
Resistance @5.25 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 WFA.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WFA.DE is down.
ChartMill Relative Strength	33.63	NEUTRAL	WFA.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of WFA.DE is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WFA.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of WFA.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	43.71	NEUTRAL	The RSI value for WFA.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests WFA.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	33.33	NEUTRAL	The Stochastics value for WFA.DE is a neutral value.
Average True Range in percent/ATR (20)	2.97	MEDIUM VOLATILITY	The ATR as a percentage value for WFA.DE suggests some volalility.
Average Directional Index/ADX (14)	14.89	NEGATIVE	The low ADX value for WFA.DE suggests a weak or negative trend.