We assign a technical rating of 1 out of 10 to WNW. WNW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
WNW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.61. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for WNW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1.15
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.47 to 1.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.31 from a trend line in the weekly time frame.
- Support @1.16 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.61 to 1.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.55 from a trend 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 | 4.32 | NEGATIVE | WNW has a low relative strength, it was outperformed by 95.68% 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) | 53.78 | 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) | 78.88 | NEUTRAL | The Stochastics value for WNW is a neutral value. |
| Average True Range in percent/ATR (20) | 8.98 | HIGH VOLATILITY | The high ATR as a percentage value for WNW suggests high volalility. |
| Average Directional Index/ADX (14) | 12.77 | NEGATIVE | The low ADX value for WNW suggests a weak or negative trend. |
1.6
+0.02 (+1.27%)
MEIWU TECHNOLOGY CO LTD / WNW FAQ
What is the ChartMill technical rating of MEIWU TECHNOLOGY CO LTD (WNW) stock?
ChartMill assigns a technical rating of 1 / 10 to WNW.
Can you provide the trend direction for MEIWU TECHNOLOGY CO LTD?
The current trend direction for MEIWU TECHNOLOGY CO LTD (WNW) is Bearish.
What is the RSI signal for WNW stock?
MEIWU TECHNOLOGY CO LTD (WNW) has an RSI value of 53.7816. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MEIWU TECHNOLOGY CO LTD?
The MACD indicator for MEIWU TECHNOLOGY CO LTD (WNW) has a value of 0.0220528, indicating a bearish trend.
Can you provide the support and resistance levels for MEIWU TECHNOLOGY CO LTD?
MEIWU TECHNOLOGY CO LTD (WNW) has a support level at 1.48 and a resistance level at 1.61. Check the full technical report for our detailed analysis of WNW support and resistance levels.