WIMI HOLOGRAM CLOUD INC-B (WIMI) Stock Technical Analysis
NASDAQ:WIMI - Nasdaq - KYG9687V2040 - Common Stock - Currency: USD
Taking everything into account, WIMI scores 3 out of 10 in our technical rating. 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.
95% of all other stocks performed better in the past year than WIMI.
WIMI is one of the lesser performing stocks in the Media industry. 81% of 98 stocks in the same industry do better.
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 2.68 - 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of WIMI 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
4.21
4.30
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.26 to 4.26. 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 | 5.55 | NEGATIVE | WIMI has a low relative strength, it was outperformed by 94.45% 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) | DOWN | MIXED | The current price of WIMI is above a declining 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) | 67.51 | NEUTRAL | The RSI value for WIMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests WIMI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.37 | OVERBOUGHT | The high Stochastics value suggests WIMI may be overbought. |
| Average True Range in percent/ATR (20) | 7.4 | HIGH VOLATILITY | The high ATR as a percentage value for WIMI suggests high volalility. |
| Average Directional Index/ADX (14) | 25.52 | POSITIVE | The high ADX value value for WIMI 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)
4.25
+0.14 (+3.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg3.41%
1 Week15.18%
2 Weeks22.13%
1 Month45.05%
3 Month-16.01%
6 Month-58.74%
12 Month-51.14%
2 Year-63.68%
3 Year-76.9%
5 Year-93.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%7.4%
ATR Inc0.27%
Range Today0.42
ADR(20)0.31
ADR(20)%7.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.55
Mansfield-4.91
10 Day High4.48
10 Day Low3.15
20 Day High4.48
20 Day Low2.68
52 Week High29.2
52 Week Low2.24
CS1 EndN/A
CR1 Start4.26
Volume & EV
DER(3)8.34%
DER(5)6.34%
Volume331.42K
Volume Incr16.95%
Vol(5)459.21K
Vol(50)437.32K