GENEDX HOLDINGS CORP (WGS) Stock Technical Analysis
NASDAQ:WGS - US81663L2007 - Common Stock
128.18 USD
-1.31 (-1.01%)
128.18 USD
0 (0%)
Taking everything into account, WGS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WGS is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that WGS is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by WGS over the past year are nicely spread over this period.
WGS is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 98% of 102 stocks in the same industry.
WGS is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month WGS has a been trading in the 102.36 - 131.00 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, WGS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 129.50. Right above this resistance zone may be a good entry point.
More info and screens
58.94
130.80
We found 4 important support areas.
- A support zone ranging from 120.15 to 120.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @98.29 from a trend line in the daily time frame.
- Support @71.75 from a trend line in the weekly time frame.
- Support @59.54 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 129.50 to 129.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for WGS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WGS is up. |
| ChartMill Relative Strength | 98.51 | POSITIVE | WGS has a high relative strength, it outperformed 98.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WGS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WGS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WGS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.58 | NEUTRAL | The RSI value for WGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests WGS has a negative trend. |
| Stochastics (14,3) | 89.92 | OVERBOUGHT | The high Stochastics value suggests WGS may be overbought. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for WGS suggests some volalility. |
| Average Directional Index/ADX (14) | 41.41 | POSITIVE | The high ADX value value for WGS 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 129.51 | 120.14 | 9.37 (7.23%) | 13.82% |
| An entry @129.51. This is a Buy Stop order right above the resistance zone. | An exit @120.14. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.37 points, which is 7.23%. | When investing 13.82% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
128.18
-1.31 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.01%
1 Week5.18%
2 Weeks1.81%
1 Month18.3%
3 Month77.85%
6 Month30.78%
12 Month288.54%
2 Year3421.43%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.93
ATR(20)%4.45%
ATR Inc-21.84%
Range Today6.76
ADR(20)5.66
ADR(20)%4.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.51
Mansfield4.61
10 Day High131
10 Day Low114.25
20 Day High131
20 Day Low102.36
52 Week High131
52 Week Low32.11
CS1 End120.29
CR1 Start129.5
Volume & EV
DER(3)1.78%
DER(5)1.64%
Volume412.60K
Volume Incr-59.93%
Vol(5)421.10K
Vol(50)928.56K