WOLFSPEED INC (WOLF) Stock Technical Analysis
NYSE:WOLF • US97785W1062
Overall WOLF gets a technical rating of 3 out of 10. Although WOLF is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- WOLF is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 87% of 113 stocks in the same industry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- WOLF has an average volume of 1451300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the yearly performance of all stocks, we notice that WOLF is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- WOLF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WOLF is lagging the market.
- In the last month WOLF has a been trading in the 13.48 - 22.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, WOLF does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 15.66, a Stop Loss order could be placed below this zone.
More info and screens
15.33
When analyzing the support we notice one important area.
- A support zone ranging from 15.48 to 15.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @18.03 from a horizontal line in the daily time frame.
- Resistance @18.95 from a trend line in the daily time frame.
- Resistance @20.35 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for WOLF is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WOLF is neutral. |
| ChartMill Relative Strength | 96.8 | POSITIVE | WOLF has a high relative strength, it outperformed 96.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WOLF is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WOLF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WOLF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.06 | NEUTRAL | The RSI value for WOLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests WOLF has a positive trend. |
| Stochastics (14,3) | 68.42 | NEUTRAL | The Stochastics value for WOLF is a neutral value. |
| Average True Range in percent/ATR (20) | 10.53 | HIGH VOLATILITY | The high ATR as a percentage value for WOLF suggests high volalility. |
| Average Directional Index/ADX (14) | 14.25 | NEGATIVE | The low ADX value for WOLF suggests a weak or negative trend. |
17.74
+1.74 (+10.87%)
WOLFSPEED INC / WOLF FAQ
What is the ChartMill technical rating of WOLFSPEED INC (WOLF) stock?
ChartMill assigns a technical rating of 3 / 10 to WOLF.
Can you provide the trend direction for WOLFSPEED INC?
The current trend direction for WOLFSPEED INC (WOLF) is Bearish.
What is the RSI signal for WOLFSPEED INC (WOLF) stock?
WOLFSPEED INC (WOLF) has an RSI value of 51.0644. This indicates that the stock is currently neutral.
What are the support and resistance levels for WOLFSPEED INC (WOLF) stock?
WOLFSPEED INC (WOLF) has a support level at 15.66 and a resistance level at 18.03. Check the full technical report for our detailed analysis of WOLF support and resistance levels.