We assign a technical rating of 1 out of 10 to WGS. WGS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- WGS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month WGS has a been trading in the 81.55 - 140.83 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.
- When compared to the yearly performance of all other stocks, WGS outperforms 41% of them, which is more or less in line with the market.
- WGS is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, WGS did better than 57% of them.
The technical rating of WGS 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
83.45
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 116.75 to 118.14. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for WGS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WGS is down. |
| ChartMill Relative Strength | 41.28 | NEUTRAL | WGS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WGS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WGS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WGS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.17 | OVERSOLD | The low RSI value suggests WGS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests WGS has a negative trend. |
| Stochastics (14,3) | 9.22 | OVERSOLD | The low Stochastics value suggests WGS may be oversold. |
| Average True Range in percent/ATR (20) | 9.85 | HIGH VOLATILITY | The high ATR as a percentage value for WGS suggests high volalility. |
| Average Directional Index/ADX (14) | 41.22 | POSITIVE | The high ADX value value for WGS suggests a strong trend. |
84.29
+0.21 (+0.25%)
GENEDX HOLDINGS CORP / WGS FAQ
Can you provide the ChartMill technical rating for GENEDX HOLDINGS CORP?
ChartMill assigns a technical rating of 1 / 10 to WGS.
What is the trend direction for WGS stock?
The current trend direction for GENEDX HOLDINGS CORP (WGS) is Bearish.
What is the RSI signal for WGS stock?
GENEDX HOLDINGS CORP (WGS) has an RSI value of 25.1673. This indicates that the stock is currently oversold.
Can you provide the short term momentum for GENEDX HOLDINGS CORP?
The short term momentum for GENEDX HOLDINGS CORP (WGS) is negative.
What are the support and resistance levels for GENEDX HOLDINGS CORP (WGS) stock?
GENEDX HOLDINGS CORP (WGS) has a resistance level at 116.75. Check the full technical report for our detailed analysis of WGS support and resistance levels.