WLDS Technical Analysis - WEARABLE DEVICES LTD

Technical Rating and Analysis

Taking everything into account, WLDS scores 8 out of 10 in our technical rating. WLDS has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

WLDS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

WLDS is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 78% of 33 stocks in the same industry.

WLDS has an average volume of 10154000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that WLDS is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this relatively good performance is mostly due to a recent big move.

In the last month WLDS has a been trading in the 1.00 - 11.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WEARABLE DEVICES LTD / WLDS Weekly stock chart

WEARABLE DEVICES LTD / WLDS Daily stock chart

Setup Rating and Analysis

Although WLDS has an excellent technical rating, it does not offer a high 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

4.66

5.42

When analyzing the support we notice one important area.

Support @4.71 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for WLDS is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for WLDS is up.
ChartMill Relative Strength	93.17	POSITIVE	WLDS has a high relative strength, it outperformed 93.17% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of WLDS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of WLDS is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of WLDS is above a declining SMA(200).
Relative Strength Index/RSI (14)	60.36	NEUTRAL	The RSI value for WLDS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.25	POSITIVE	The MACD value suggests WLDS has a positive trend, although the MACD value is declining.
Stochastics (14,3)	40.51	NEUTRAL	The Stochastics value for WLDS is a neutral value.
Average True Range in percent/ATR (20)	24.78	HIGH VOLATILITY	The high ATR as a percentage value for WLDS suggests high volalility.
Average Directional Index/ADX (14)	30.96	POSITIVE	The high ADX value value for WLDS suggests a strong trend.