Overall WISH gets a technical rating of 1 out of 10. WISH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
WISH has a poor technical rating and the quality of the setup is also not perfect 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.
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4.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.10 to 5.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.99 from a horizontal line in the weekly time frame.
- A support zone ranging from 4.81 to 4.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 5.39 to 5.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.71 to 5.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.85 to 5.97. 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 WISH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WISH is down. |
| ChartMill Relative Strength | 21.59 | NEGATIVE | WISH has a low relative strength, it was outperformed by 78.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WISH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WISH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WISH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.28 | NEUTRAL | The RSI value for WISH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests WISH has a negative trend. |
| Stochastics (14,3) | 14.46 | OVERSOLD | The low Stochastics value suggests WISH may be oversold. |
| Average True Range in percent/ATR (20) | 5.97 | HIGH VOLATILITY | The high ATR as a percentage value for WISH suggests high volalility. |
| Average Directional Index/ADX (14) | 14.37 | NEGATIVE | The low ADX value for WISH suggests a weak or negative trend. |
5.13
-0.05 (-0.97%)
CONTEXTLOGIC INC - A / WISH FAQ
What is the ChartMill technical rating of CONTEXTLOGIC INC - A (WISH) stock?
ChartMill assigns a technical rating of 1 / 10 to WISH.
What is the trend direction for WISH stock?
The current trend direction for CONTEXTLOGIC INC - A (WISH) is Bearish.
What is the RSI signal for CONTEXTLOGIC INC - A (WISH) stock?
CONTEXTLOGIC INC - A (WISH) has an RSI value of 39.2788. This indicates that the stock is currently neutral.
What is the short term momentum for WISH stock?
The short term momentum for CONTEXTLOGIC INC - A (WISH) is negative.
What is the buy/sell signal for WISH stock?
The buy/sell signal for CONTEXTLOGIC INC - A (WISH) is sell as both the short term and long term trends are negative.