ELEMENTS Morningstar Wide Moat Focus ETN (WMW) Technical Analysis
NYSEARCA:WMW
Current stock price
WMW Technical Rating and Analysis
Taking everything into account, WMW scores 7 out of 10 in our technical rating. In the last year, WMW was one of the better performers, but we do observe some doubts in the very recent evolution.
- Warning: WMW has an average volume of 4062 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, WMW did better than 86% of all other stocks.
- In the last month WMW has a been trading in the 33.77 - 36.87 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- WMW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WMW is lagging the market.
- Volume is considerably higher in the last couple of days.
WMW Weekly and Daily overview Charts
WMW Setup Rating and Analysis
Besides having an excellent technical rating, WMW also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 34.89, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WMW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
WMW Support and Resistance Analysis
29.72
3 important support areas can be observed.
- A support zone ranging from 34.42 to 34.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.76 from a horizontal line in the daily time frame.
- A support zone ranging from 30.02 to 30.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 34.91 to 35.12. 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 37.56 to 37.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
WMW 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 WMW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WMW is neutral. |
| ChartMill Relative Strength | 86.16 | POSITIVE | WMW has a high relative strength, it outperformed 86.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WMW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WMW is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WMW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.53 | NEUTRAL | The RSI value for WMW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests WMW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.45 | NEUTRAL | The Stochastics value for WMW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for WMW suggests some volalility. |
WMW Chart- and CandleStick Pattern Analysis
WMW Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 35.13 | 34.41 | 0.72 (2.05%) | 25.00% |
| An entry @35.13. This is a Buy Stop order right above the resistance zone. | An exit @34.41. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.72 points, which is 2.05%. | For a 0.51% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WMW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
WMW Technicals: Chart, Performance Metrics, Trend & Indicators
ELEMENTS Morningstar Wide Moat Focus ETN
NYSEARCA:WMW (4/12/2019, 8:27:34 PM)
34.9
+0.34 (+0.98%)
ELEMENTS Morningstar Wide Moat Focus ETN / WMW TA FAQ
Can you provide the ChartMill technical rating for ELEMENTS Morningstar Wide Moat Focus ETN?
ChartMill assigns a technical rating of 6 / 10 to WMW.
What is the current trend direction of ELEMENTS Morningstar Wide Moat Focus ETN (WMW) stock?
The current trend direction for ELEMENTS Morningstar Wide Moat Focus ETN (WMW) is Bullish.
Can you provide the RSI signal for ELEMENTS Morningstar Wide Moat Focus ETN?
ELEMENTS Morningstar Wide Moat Focus ETN (WMW) has an RSI value of 49.527. This indicates that the stock is currently neutral.
What is the short term momentum for ELEMENTS Morningstar Wide Moat Focus ETN (WMW) stock?
The short term momentum for ELEMENTS Morningstar Wide Moat Focus ETN (WMW) is neutral.
What are the support and resistance levels for ELEMENTS Morningstar Wide Moat Focus ETN (WMW) stock?
ELEMENTS Morningstar Wide Moat Focus ETN (WMW) has a support level at 34.89 and a resistance level at 34.91. Check the full technical report for our detailed analysis of WMW support and resistance levels.