Wright Med Grp NV (WMGI) Technical Analysis
NASDAQ:WMGI
Current stock price
WMGI Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to WMGI. WMGI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, WMGI is a bad performer in the overall market: 61% of all stocks are doing better.
- WMGI is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so WMGI is leading the market.
- WMGI has an average volume of 1517060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- In the last month WMGI has a been trading in a tight range between 29.83 and 30.74.
- Volume is considerably higher in the last couple of days.
WMGI Weekly and Daily overview Charts
WMGI Setup Rating and Analysis
The technical rating of WMGI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
WMGI Support and Resistance Analysis
26.06
When analyzing the support we can see 3 important areas.
- Strong support @29.97 from a horizontal line in the daily time frame.
- Strong support @29.39 from a horizontal line in the daily time frame.
- Support @26.32 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.14 to 30.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
WMGI 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 WMGI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WMGI is neutral. |
| ChartMill Relative Strength | 39.13 | NEUTRAL | WMGI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WMGI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WMGI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WMGI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 21.6 | OVERSOLD | The low RSI value suggests WMGI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests WMGI has a negative trend. |
| Stochastics (14,3) | 59.96 | NEUTRAL | The Stochastics value for WMGI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.45 | LOW VOLATILITY | The low ATR as a percentage value for WMGI suggests low volalility. |
WMGI Chart- and CandleStick Pattern Analysis
WMGI Technicals: Chart, Performance Metrics, Trend & Indicators
29.98
-0.68 (-2.22%)
Wright Med Grp NV / WMGI TA FAQ
What is the ChartMill technical rating of Wright Med Grp NV (WMGI) stock?
ChartMill assigns a technical rating of 1 / 10 to WMGI.
Can you provide the trend direction for Wright Med Grp NV?
The current trend direction for Wright Med Grp NV (WMGI) is Bearish.
What is the RSI signal for Wright Med Grp NV (WMGI) stock?
Wright Med Grp NV (WMGI) has an RSI value of 21.5955. This indicates that the stock is currently oversold.
Can you provide the MACD signal for Wright Med Grp NV?
The MACD indicator for Wright Med Grp NV (WMGI) has a value of -0.0449358, indicating a bearish trend.