WIMI HOLOGRAM CLOUD INC-B (WIMI) Stock Technical Analysis
USA - NASDAQ:WIMI - KYG9687V2040 - Common Stock
4.46 USD
+0.07 (+1.59%)
4.39 USD
-0.07 (-1.57%)
Overall WIMI gets a technical rating of 6 out of 10. In the past year, WIMI was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
WIMI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
WIMI is one of the better performing stocks in the Media industry, it outperforms 80% of 99 stocks in the same industry.
In the last month WIMI has a been trading in the 3.55 - 4.48 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the yearly performance of all stocks, we notice that WIMI is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
WIMI has an average technical rating and the quality of the presented setup is also not ideal 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
3.80
4.51
We found 1 important support area.
- A support zone ranging from 3.84 to 3.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.47 to 4.47. 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 | DOWN | NEGATIVE | The long term trend for WIMI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WIMI is up. |
| ChartMill Relative Strength | 81.79 | POSITIVE | WIMI has a high relative strength, it outperformed 81.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WIMI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WIMI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WIMI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.66 | NEUTRAL | The RSI value for WIMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WIMI has a positive trend. |
| Stochastics (14,3) | 84.96 | OVERBOUGHT | The high Stochastics value suggests WIMI may be overbought. |
| Average True Range in percent/ATR (20) | 5.93 | HIGH VOLATILITY | The high ATR as a percentage value for WIMI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.18 | NEGATIVE | The low ADX value for WIMI suggests a weak or negative 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 |
|---|---|---|---|
| 4.48 | 3.57 | 0.91 (20.27%) | 4.93% |
| An entry @4.48. This is a Buy Stop order right above the resistance zone. | An exit @3.57. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.91 points, which is 20.27%. | For a 1.00% total portfolio risk, you can invest 4.93% of your capital in this trade. |
- 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.
4.46
+0.07 (+1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg1.59%
1 Week14.95%
2 Weeks10.12%
1 Month9.31%
3 Month92.24%
6 Month-42.08%
12 Month-44.04%
2 Year-38.06%
3 Year-71.04%
5 Year-91.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%5.93%
ATR Inc35.67%
Range Today0.34
ADR(20)0.26
ADR(20)%5.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.79
Mansfield-4.38
10 Day High4.48
10 Day Low3.58
20 Day High4.48
20 Day Low3.55
52 Week High29.2
52 Week Low2.24
CS1 End3.94
CR1 Start4.47
Volume & EV
DER(3)8.44%
DER(5)10.24%
Volume282.60K
Volume Incr18.87%
Vol(5)310.29K
Vol(50)318.27K