WELLGISTICS HEALTH INC (WGRX) Technical Analysis
NASDAQ:WGRX • US9495031067
Current stock price
WGRX Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to WGRX. WGRX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than WGRX.
- WGRX is one of the lesser performing stocks in the Health Care Providers & Services industry. 90% of 100 stocks in the same industry do better.
- WGRX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so WGRX is lagging the market.
- In the last month WGRX has a been trading in the 0.10 - 0.21 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.
- WGRX has an average volume of 3194080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
WGRX Weekly and Daily overview Charts
WGRX Setup Rating and Analysis
The technical rating of WGRX is bad and it also does not present a quality setup 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
WGRX Support and Resistance Analysis
0.10
We found 1 important resistance area.
- A resistance zone ranging from 0.11 to 0.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
WGRX 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 WGRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WGRX is down. |
| ChartMill Relative Strength | 0.69 | NEGATIVE | WGRX has a low relative strength, it was outperformed by 99.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WGRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WGRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WGRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.53 | OVERSOLD | The low RSI value suggests WGRX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WGRX has a positive trend. |
| Stochastics (14,3) | 8.01 | OVERSOLD | The low Stochastics value suggests WGRX may be oversold. |
| Average True Range in percent/ATR (20) | 20.18 | HIGH VOLATILITY | The high ATR as a percentage value for WGRX suggests high volalility. |
| Average Directional Index/ADX (14) | 55.89 | POSITIVE | The high ADX value value for WGRX suggests a strong trend. |
WGRX Chart- and CandleStick Pattern Analysis
WGRX Technicals: Chart, Performance Metrics, Trend & Indicators
0.1015
-0.01 (-5.14%)
WELLGISTICS HEALTH INC / WGRX TA FAQ
What is the ChartMill technical rating of WELLGISTICS HEALTH INC (WGRX) stock?
ChartMill assigns a technical rating of 0 / 10 to WGRX.
What is the trend direction for WGRX stock?
The current trend direction for WELLGISTICS HEALTH INC (WGRX) is Bearish.
What is the RSI signal for WELLGISTICS HEALTH INC (WGRX) stock?
WELLGISTICS HEALTH INC (WGRX) has an RSI value of 28.531. This indicates that the stock is currently oversold.
What is the short term momentum for WGRX stock?
The short term momentum for WELLGISTICS HEALTH INC (WGRX) is negative.
What are the support and resistance levels for WELLGISTICS HEALTH INC (WGRX) stock?
WELLGISTICS HEALTH INC (WGRX) has a resistance level at 0.11. Check the full technical report for our detailed analysis of WGRX support and resistance levels.