WIMI HOLOGRAM CLOUD INC-B (WIMI) Stock Technical Analysis
NASDAQ:WIMI - Nasdaq - KYG9687V2040 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to WIMI. Recently some decent action could be observed, but in the medium term time frame this is still negative. WIMI was also a bad performer in the overall market in the last year.
93% of all other stocks performed better in the past year than WIMI.
WIMI is part of the Media industry. There are 98 other stocks in this industry, of which 71% are performing better than WIMI.
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.
In the last month WIMI has a been trading in the 3.18 - 4.48 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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.
Although the technical rating is only medium, WIMI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.29, a Stop Loss order could be placed below this zone.
More info and screens
3.21
4.30
When analyzing the support we notice one important area.
- A support zone ranging from 3.24 to 3.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.77 to 3.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.15 from a horizontal line in the weekly time frame.
- Resistance @4.26 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 WIMI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WIMI is up. |
| ChartMill Relative Strength | 7.19 | NEGATIVE | WIMI has a low relative strength, it was outperformed by 92.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WIMI is below 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) | 52.57 | NEUTRAL | The RSI value for WIMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests WIMI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.8 | NEUTRAL | The Stochastics value for WIMI is a neutral value. |
| Average True Range in percent/ATR (20) | 9.34 | HIGH VOLATILITY | The high ATR as a percentage value for WIMI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.92 | NEUTRAL | The ADX value for WIMI suggests a possible start of a new 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)
3.76
-0.32 (-7.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-7.84%
1 Week3.87%
2 Weeks13.94%
1 Month1.62%
3 Month-12.56%
6 Month-63.14%
12 Month-47.41%
2 Year-58.68%
3 Year-78.64%
5 Year-94.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%9.34%
ATR Inc-4.39%
Range Today0.39
ADR(20)0.33
ADR(20)%8.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.19
Mansfield-5.4
10 Day High4.34
10 Day Low3.32
20 Day High4.48
20 Day Low3.18
52 Week High29.2
52 Week Low2.24
CS1 End3.29
CR1 Start3.77
Volume & EV
DER(3)-8.27%
DER(5)-8.75%
Volume251.80K
Volume Incr23.93%
Vol(5)446.48K
Vol(50)391.99K