WELLGISTICS HEALTH INC (WGRX) Stock Technical Analysis
NASDAQ:WGRX • US9495031067
Taking everything into account, WGRX scores 0 out of 10 in our technical rating. 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.
- 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. 89% of 102 stocks in the same industry do better.
- In the last month WGRX has a been trading in the 0.27 - 0.42 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
WGRX has a poor technical rating and the quality of the setup is also not perfect 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
0.28
When analyzing the resistance we notice one important area.
- Resistance @0.32 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 | 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 | NEGATIVE | WGRX has a low relative strength, it was outperformed by 100% 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) | 31.14 | NEUTRAL | The RSI value for WGRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WGRX has a negative trend. |
| Stochastics (14,3) | 14.62 | OVERSOLD | The low Stochastics value suggests WGRX may be oversold. |
| Average True Range in percent/ATR (20) | 10.72 | HIGH VOLATILITY | The high ATR as a percentage value for WGRX suggests high volalility. |
| Average Directional Index/ADX (14) | 33.69 | POSITIVE | The high ADX value value for WGRX suggests a strong trend. |
0.2788
0 (-0.85%)
WELLGISTICS HEALTH INC / WGRX 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 WGRX stock?
WELLGISTICS HEALTH INC (WGRX) has an RSI value of 31.1358. This indicates that the stock is currently neutral.
What is the MACD signal for WELLGISTICS HEALTH INC (WGRX) stock?
The MACD indicator for WELLGISTICS HEALTH INC (WGRX) has a value of -0.00297457, indicating a bearish trend.
What is the buy/sell signal for WELLGISTICS HEALTH INC (WGRX) stock?
The buy/sell signal for WELLGISTICS HEALTH INC (WGRX) is sell as both the short term and long term trends are negative.