WANG & LEE GROUP INC (WLGS) Stock Technical Analysis
NASDAQ:WLGS - VGG9T22C1003 - Common Stock
0.044 USD
0 (-5.58%)
0.041 USD
0 (-6.82%)
Taking everything into account, WLGS scores 0 out of 10 in our technical rating. WLGS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, WLGS is a bad performer in the overall market: 100% of all stocks are doing better.
WLGS is one of the lesser performing stocks in the Construction & Engineering industry. 73% of 53 stocks in the same industry do better.
WLGS 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 WLGS has a been trading in the 0.04 - 0.08 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
WLGS has an average volume of 91542000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, WLGS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.04
0.05
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 WLGS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WLGS is down. |
| ChartMill Relative Strength | 0.34 | NEGATIVE | WLGS has a low relative strength, it was outperformed by 99.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WLGS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WLGS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WLGS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.44 | NEUTRAL | The RSI value for WLGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WLGS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 11.2 | OVERSOLD | The low Stochastics value suggests WLGS may be oversold. |
| Average True Range in percent/ATR (20) | 25.74 | HIGH VOLATILITY | The high ATR as a percentage value for WLGS suggests high volalility. |
| Average Directional Index/ADX (14) | 10.06 | NEGATIVE | The low ADX value for WLGS 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)
0.044
0 (-5.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-5.58%
1 Week-19.85%
2 Weeks-32.1%
1 Month-47.99%
3 Month-79.18%
6 Month-99.27%
12 Month-92.42%
2 Year-94.73%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%25.74%
ATR Inc-33.26%
Range Today0.01
ADR(20)0.01
ADR(20)%21.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.34
Mansfield-9.8
10 Day High0.07
10 Day Low0.04
20 Day High0.08
20 Day Low0.04
52 Week High9.66
52 Week Low0.03
CS1 EndN/A
CR1 Start0.05
Volume & EV
DER(3)-1.88%
DER(5)-4.64%
Volume28.56M
Volume Incr-85.44%
Vol(5)20.69M
Vol(50)91.54M