WELLGISTICS HEALTH INC (WGRX) Stock Technical Analysis
USA - NASDAQ:WGRX - US9495031067 - Common Stock
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.
Although the technical rating is bad, WGRX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.56
We can see 3 important resistance areas.
- Resistance @0.78 from a trend line in the daily time frame.
- Resistance @0.95 from a trend line in the daily time frame.
- Resistance @1.18 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). |
| Relative Strength Index/RSI (14) | 44.09 | NEUTRAL | The RSI value for WGRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests WGRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 15.85 | OVERSOLD | The low Stochastics value suggests WGRX may be oversold. |
| Average True Range in percent/ATR (20) | 26.99 | HIGH VOLATILITY | The high ATR as a percentage value for WGRX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.39 | POSITIVE | The high ADX value value for WGRX suggests a strong trend. |
0.5707
-0.02 (-3.4%)
WELLGISTICS HEALTH INC / WGRX FAQ
Can you provide the ChartMill technical rating for WELLGISTICS HEALTH INC?
ChartMill assigns a technical rating of 0 / 10 to WGRX.
What is the current trend direction of WELLGISTICS HEALTH INC (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 44.0867. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for WELLGISTICS HEALTH INC?
The buy/sell signal for WELLGISTICS HEALTH INC (WGRX) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for WELLGISTICS HEALTH INC?
WELLGISTICS HEALTH INC (WGRX) has a resistance level at 0.78. Check the full technical report for our detailed analysis of WGRX support and resistance levels.