WOK Technical Analysis - WORK MEDICAL TECHNOLOGY GR-A

Technical Rating and Analysis

Taking everything into account, WOK scores 5 out of 10 in our technical rating. In the past year, WOK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

93% of all other stocks performed better in the past year than WOK.

WOK is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry, of which 68% are performing better than WOK.

WOK 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 WOK has a been trading in the 0.76 - 0.93 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WORK MEDICAL TECHNOLOGY GR-A / WOK Weekly stock chart

WORK MEDICAL TECHNOLOGY GR-A / WOK Daily stock chart

Setup Rating and Analysis

WOK has an average technical rating and it also does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.77

0.92

When analyzing the support we notice one important area.

A support zone ranging from 0.78 to 0.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	DOWN	NEGATIVE	The long term trend for WOK is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for WOK is up.
ChartMill Relative Strength	7.07	NEGATIVE	WOK has a low relative strength, it was outperformed by 92.93% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of WOK is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of WOK is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WOK is below a declining SMA(200).
Relative Strength Index/RSI (14)	79.45	OVERBOUGHT	The high RSI value suggests WOK may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests WOK has a positive trend.
Stochastics (14,3)	62.55	NEUTRAL	The Stochastics value for WOK is a neutral value.
Average True Range in percent/ATR (20)	4.12	MEDIUM VOLATILITY	The ATR as a percentage value for WOK suggests some volalility.
Average Directional Index/ADX (14)	22.69	NEUTRAL	The ADX value for WOK suggests a possible start of a new trend.