WESTERN NEW ENGLAND BANCORP (WNEB) Technical Analysis
NASDAQ:WNEB • US9588921018
Current stock price
WNEB Technical Rating and Analysis
Overall WNEB gets a technical rating of 3 out of 10. Although WNEB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month WNEB has a been trading in the 12.04 - 14.25 range, which is quite wide. It is currently trading near the lows of this range.
- WNEB is part of the Banks industry. There are 381 other stocks in this industry. WNEB outperforms 82% of them.
- WNEB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WNEB is performing more or less in line with the market.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the yearly performance of all stocks, we notice that WNEB is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
WNEB Weekly and Daily overview Charts
WNEB Setup Rating and Analysis
Although the technical rating is bad, WNEB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 12.43, a Stop Loss order could be placed below this zone.
More info and screens
WNEB Support and Resistance Analysis
9.61
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.35 to 12.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.71 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.59 to 12.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
WNEB 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 WNEB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WNEB is down. |
| ChartMill Relative Strength | 80.54 | POSITIVE | WNEB has a high relative strength, it outperformed 80.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WNEB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WNEB is below the rising 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) | 37.68 | NEUTRAL | The RSI value for WNEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests WNEB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.54 | NEUTRAL | The Stochastics value for WNEB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for WNEB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.22 | NEGATIVE | The low ADX value for WNEB suggests a weak or negative trend. |
WNEB Chart- and CandleStick Pattern Analysis
WNEB Technicals: Chart, Performance Metrics, Trend & Indicators
12.44
-0.09 (-0.72%)
WESTERN NEW ENGLAND BANCORP / WNEB TA FAQ
What is the ChartMill technical rating of WESTERN NEW ENGLAND BANCORP (WNEB) stock?
ChartMill assigns a technical rating of 3 / 10 to WNEB.
What is the trend direction for WNEB stock?
The current trend direction for WESTERN NEW ENGLAND BANCORP (WNEB) is Bearish.
What is the RSI signal for WNEB stock?
WESTERN NEW ENGLAND BANCORP (WNEB) has an RSI value of 37.6843. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WESTERN NEW ENGLAND BANCORP?
The short term momentum for WESTERN NEW ENGLAND BANCORP (WNEB) is negative.