Taking everything into account, WNEB scores 7 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WNEB is showing a nice and steady performance.
Although WNEB 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.
More info and screens
8.97
4 important support areas can be observed.
- A support zone ranging from 11.50 to 11.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.10 from a trend line in the daily time frame.
- A support zone ranging from 10.85 to 10.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.06 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.62 to 12.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 WNEB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WNEB is up. |
| ChartMill Relative Strength | 81.13 | POSITIVE | WNEB has a high relative strength, it outperformed 81.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WNEB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WNEB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WNEB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.31 | NEUTRAL | The RSI value for WNEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests WNEB has a positive trend. |
| Stochastics (14,3) | 66.92 | NEUTRAL | The Stochastics value for WNEB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for WNEB suggests some volalility. |
| Average Directional Index/ADX (14) | 21.32 | NEUTRAL | The ADX value for WNEB suggests a possible start of a new trend. |
12.01
+0.31 (+2.65%)
WESTERN NEW ENGLAND BANCORP / WNEB FAQ
What is the ChartMill technical rating of WESTERN NEW ENGLAND BANCORP (WNEB) stock?
ChartMill assigns a technical rating of 7 / 10 to WNEB.
What is the current trend direction of WESTERN NEW ENGLAND BANCORP (WNEB) stock?
The current trend direction for WESTERN NEW ENGLAND BANCORP (WNEB) is Bullish.
What is the RSI signal for WNEB stock?
WESTERN NEW ENGLAND BANCORP (WNEB) has an RSI value of 61.3136. This indicates that the stock is currently neutral.
What is the short term momentum for WNEB stock?
The short term momentum for WESTERN NEW ENGLAND BANCORP (WNEB) is positive.
What is the buy/sell signal for WESTERN NEW ENGLAND BANCORP (WNEB) stock?
The buy/sell signal for WESTERN NEW ENGLAND BANCORP (WNEB) is buy as both the short term and long term trends are positive.