MEIWU TECHNOLOGY CO LTD (WNW) Stock Technical Analysis
NASDAQ:WNW - Nasdaq - VGG9604C1234 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to WNW. WNW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, WNW is a bad performer in the overall market: 99% of all stocks are doing better.
WNW is part of the Consumer Staples Distribution & Retail industry. There are 41 other stocks in this industry, of which 95% are performing better than WNW.
WNW is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so WNW is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month WNW has a been trading in the 1.50 - 2.17 range, which is quite wide. It is currently trading near the high of this range.
WNW has an average volume of 2704230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
WNW has a poor technical rating and the quality of the setup is also not perfect 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
1.56
1.82
We found 2 important support areas.
- Support @1.63 from a trend line in the daily time frame.
- A support zone ranging from 1.58 to 1.58. 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 | DOWN | NEGATIVE | The long term trend for WNW is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WNW is neutral. |
| ChartMill Relative Strength | 1.57 | NEGATIVE | WNW has a low relative strength, it was outperformed by 98.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WNW is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WNW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WNW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.4 | NEUTRAL | The RSI value for WNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests WNW has a positive trend. |
| Stochastics (14,3) | 40.91 | NEUTRAL | The Stochastics value for WNW is a neutral value. |
| Average True Range in percent/ATR (20) | 7.84 | HIGH VOLATILITY | The high ATR as a percentage value for WNW suggests high volalility. |
| Average Directional Index/ADX (14) | 13.13 | NEGATIVE | The low ADX value for WNW suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.8
+0.16 (+9.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg9.49%
1 Week7.14%
2 Weeks6.79%
1 Month-0.55%
3 Month-40.94%
6 Month-95.79%
12 Month-90.53%
2 Year-98.54%
3 Year-99.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%7.84%
ATR Inc134.87%
Range Today0.52
ADR(20)0.14
ADR(20)%7.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.57
Mansfield-8.73
10 Day High2.17
10 Day Low1.5
20 Day High2.17
20 Day Low1.5
52 Week High70
52 Week Low0.95
CS1 End1.63
CR1 StartN/A
Volume & EV
DER(3)13.52%
DER(5)9.96%
Volume428.80K
Volume Incr458.34%
Vol(5)94.36K
Vol(50)2.70M