WORK MEDICAL TECHNOLOGY GR-A (WOK) Stock Technical Analysis
NASDAQ:WOK - Nasdaq - KYG9767H1092 - Common Stock - Currency: USD
Taking everything into account, WOK scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. WOK was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, WOK is a bad performer in the overall market: 100% of all stocks are doing better.
WOK is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, of which 93% are performing better than WOK.
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.
WOK has an average volume of 1434060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month WOK has a been trading in the 0.68 - 0.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WOK has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
0.68
0.80
When analyzing the support we can see 2 important areas.
- Support @0.71 from a horizontal line in the weekly time frame.
- A support zone ranging from 0.69 to 0.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.76 to 0.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.79 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 WOK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WOK is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | WOK has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WOK is above a declining 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) | 53.74 | NEUTRAL | The RSI value for WOK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WOK has a positive trend. |
| Stochastics (14,3) | 61.84 | NEUTRAL | The Stochastics value for WOK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.03 | HIGH VOLATILITY | The high ATR as a percentage value for WOK suggests high volalility. |
| Average Directional Index/ADX (14) | 40.8 | POSITIVE | The high ADX value value for WOK 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)
0.7575
-0.01 (-1.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.62%
1 Week6.68%
2 Weeks6.18%
1 Month-13.92%
3 Month104.67%
6 Month-82.47%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%7.03%
ATR Inc11.32%
Range Today0.02
ADR(20)0.05
ADR(20)%6.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High0.82
10 Day Low0.68
20 Day High0.85
20 Day Low0.68
52 Week HighN/A
52 Week LowN/A
CS1 End0.71
CR1 Start0.76
Volume & EV
DER(3)-23.01%
DER(5)-14.75%
Volume26.50K
Volume Incr-22.23%
Vol(5)58.74K
Vol(50)1.43M