WESTERN REFNG INC (WNR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WNR - US9593191045
Taking everything into account, WNR scores 8 out of 10 in our technical rating. In the last year, WNR was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
WNR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 35.96, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
33.55
We found 2 important support areas.
- A support zone ranging from 35.11 to 35.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.89 to 34.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 36.24 to 36.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.40 to 39.51. 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 WNR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WNR is up. |
| ChartMill Relative Strength | 89.25 | POSITIVE | WNR has a high relative strength, it outperformed 89.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WNR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WNR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WNR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.44 | NEUTRAL | The RSI value for WNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WNR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.84 | NEUTRAL | The Stochastics value for WNR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for WNR suggests some volalility. |
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 |
|---|---|---|---|
| 36.58 | 35.10 | 1.48 (4.05%) | 24.72% |
| An entry @36.58. This is a Buy Stop order right above the resistance zone. | An exit @35.10. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.48 points, which is 4.05%. | When investing 24.72% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
36.18
-0.02 (-0.06%)
WESTERN REFNG INC / WNR FAQ
What is the ChartMill technical rating of WESTERN REFNG INC (WNR) stock?
ChartMill assigns a technical rating of 7 / 10 to WNR.
Can you provide the trend direction for WESTERN REFNG INC?
The current trend direction for WESTERN REFNG INC (WNR) is Bullish.
What is the RSI signal for WNR stock?
WESTERN REFNG INC (WNR) has an RSI value of 56.4427. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WESTERN REFNG INC?
The short term momentum for WESTERN REFNG INC (WNR) is positive.
What is the buy/sell signal for WESTERN REFNG INC (WNR) stock?
The buy/sell signal for WESTERN REFNG INC (WNR) is buy as both the short term and long term trends are positive.