MEIWU TECHNOLOGY CO LTD (WNW) Stock Technical Analysis
NASDAQ:WNW - Nasdaq - VGG9604C1234 - Common Stock - Currency: USD
Taking everything into account, WNW scores 2 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, WNW is a bad performer in the overall market: 96% of all stocks are doing better.
WNW is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry, of which 84% are performing better than WNW.
WNW is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month WNW has a been trading in the 1.50 - 2.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WNW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.87, a Stop Loss order could be placed below this zone.
More info and screens
1.72
1.97
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.85 to 1.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.81 from a trend line in the daily time frame.
- A support zone ranging from 1.74 to 1.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @1.95 from a horizontal line in the daily time frame.
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 | 4.7 | NEGATIVE | WNW has a low relative strength, it was outperformed by 95.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WNW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WNW is above a declining 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) | 54.47 | NEUTRAL | The RSI value for WNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests WNW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.71 | NEUTRAL | The Stochastics value for WNW is a neutral value. |
| Average True Range in percent/ATR (20) | 8.7 | HIGH VOLATILITY | The high ATR as a percentage value for WNW suggests high volalility. |
| Average Directional Index/ADX (14) | 28.85 | POSITIVE | The high ADX value value for WNW suggests a strong 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)
1.89
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg0%
1 Week6.18%
2 Weeks14.96%
1 Month12.5%
3 Month13.17%
6 Month-96.6%
12 Month-87.85%
2 Year-98.52%
3 Year-99.6%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%8.7%
ATR Inc29.66%
Range Today0.12
ADR(20)0.16
ADR(20)%8.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.7
Mansfield-8.68
10 Day High2.17
10 Day Low1.65
20 Day High2.17
20 Day Low1.5
52 Week High70
52 Week Low0.95
CS1 End1.87
CR1 Start1.95
Volume & EV
DER(3)0.07%
DER(5)2.98%
Volume22.70K
Volume Incr146.84%
Vol(5)144.56K
Vol(50)128.84K