CONTEXTLOGIC INC - A (WISH) Stock Technical Analysis
NASDAQ:WISH - Nasdaq - US21077C3051 - Common Stock - Currency: USD
Taking everything into account, WISH scores 1 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
79% of all other stocks performed better in the past year than WISH.
WISH is one of the lesser performing stocks in the Broadline Retail industry. 62% of 30 stocks in the same industry do better.
WISH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WISH is lagging the market.
In the last month WISH has a been trading in the 4.68 - 6.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
4.76
6.03
We found 3 important support 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.
When analyzing the resistance we notice 3 important areas.
- 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. |
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)
5.13
-0.05 (-0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-0.97%
1 Week-4.65%
2 Weeks-11.25%
1 Month2.6%
3 Month14%
6 Month2.19%
12 Month-31.14%
2 Year-90.28%
3 Year-97.85%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%5.97%
ATR Inc-7.26%
Range Today0.24
ADR(20)0.3
ADR(20)%5.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.59
Mansfield-2.04
10 Day High5.87
10 Day Low5.01
20 Day High6.12
20 Day Low4.68
52 Week High9.9
52 Week Low3.55
CS1 End5.11
CR1 Start5.39
Volume & EV
DER(3)7.63%
DER(5)6.67%
Volume698.10K
Volume Incr-34.68%
Vol(5)685.76K
Vol(50)862.11K