WJX Technical Analysis - WAJAX CORP

Technical Rating and Analysis

Overall WJX gets a technical rating of 1 out of 10. In the last year, WJX was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, WJX is a bad performer in the overall market: 86% of all stocks are doing better.

WJX is part of the Trading Companies & Distributors industry. There are 12 other stocks in this industry, of which 81% are performing better than WJX.

In the last month WJX has a been trading in the 22.90 - 24.73 range, which is quite wide. It is currently trading near the lows of this range.

WJX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WJX is lagging the market slightly.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of WJX 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.68

24.88

We found 1 important support area.

A support zone ranging from 21.90 to 21.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 23.35 to 23.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 24.30 to 24.63. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for WJX.CA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WJX.CA is down.
ChartMill Relative Strength	14.74	NEGATIVE	WJX.CA has a low relative strength, it was outperformed by 85.26% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WJX.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WJX.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of WJX.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	39.76	NEUTRAL	The RSI value for WJX.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests WJX.CA has a negative trend.
Stochastics (14,3)	4.37	OVERSOLD	The low Stochastics value suggests WJX.CA may be oversold.
Average True Range in percent/ATR (20)	1.74	LOW VOLATILITY	The low ATR as a percentage value for WJX.CA suggests low volalility.
Average Directional Index/ADX (14)	17.3	NEGATIVE	The low ADX value for WJX.CA suggests a weak or negative trend.