WELLGISTICS HEALTH INC (WGRX) Stock Technical Analysis
NASDAQ:WGRX - US9495031067 - Common Stock
1.4 USD
+0.17 (+13.82%)
1.4 USD
0 (0%)
Taking everything into account, WGRX scores 5 out of 10 in our technical rating. In the past year, WGRX 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.
When comparing the yearly performance of all stocks, WGRX is a bad performer in the overall market: 100% of all stocks are doing better.
WGRX is one of the lesser performing stocks in the Health Care Providers & Services industry. 92% of 102 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
WGRX has an average volume of 3773580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month WGRX has a been trading in the 0.61 - 1.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
WGRX 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
1.21
1.69
When analyzing the support we notice one important area.
- A support zone ranging from 1.22 to 1.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.58 from a trend line in the daily time frame.
- Resistance @1.67 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 | NEUTRAL | NEUTRAL | The long term trend for WGRX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WGRX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | WGRX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WGRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WGRX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.61 | NEUTRAL | The RSI value for WGRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests WGRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.06 | NEUTRAL | The Stochastics value for WGRX is a neutral value. |
| Average True Range in percent/ATR (20) | 15.95 | HIGH VOLATILITY | The high ATR as a percentage value for WGRX suggests high volalility. |
| Average Directional Index/ADX (14) | 30.87 | POSITIVE | The high ADX value value for WGRX suggests a strong 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)
1.4
+0.17 (+13.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg13.82%
1 Week-14.63%
2 Weeks86.67%
1 Month70.4%
3 Month-17.16%
6 Month-51.22%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%15.95%
ATR Inc14.43%
Range Today0.32
ADR(20)0.22
ADR(20)%15.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High1.95
10 Day Low0.73
20 Day High1.95
20 Day Low0.62
52 Week HighN/A
52 Week LowN/A
CS1 End1.23
CR1 Start1.58
Volume & EV
DER(3)-11.89%
DER(5)-8.52%
Volume1.57M
Volume Incr-64.65%
Vol(5)2.29M
Vol(50)3.77M