WOLFSPEED INC (WOLF) Technical Analysis
NYSE:WOLF • US97785W1062
Taking everything into account, WOLF scores 6 out of 10 in our technical rating. WOLF was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- WOLF is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. WOLF outperforms 84% of them.
- WOLF has an average volume of 1597620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, WOLF did better than 95% of all other 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 trading in the upper part of its 52 week range, so WOLF is lagging the market slightly.
- In the last month WOLF has a been trading in the 14.24 - 22.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WOLF 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.
More info and screens
15.50
When analyzing the support we notice one important area.
- Support @15.66 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @20.62 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 | UP | POSITIVE | The long term trend for WOLF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WOLF is neutral. |
| ChartMill Relative Strength | 95.47 | POSITIVE | WOLF has a high relative strength, it outperformed 95.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WOLF is below the rising 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) | 40.88 | NEUTRAL | The RSI value for WOLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests WOLF has a negative trend. |
| Stochastics (14,3) | 41.81 | NEUTRAL | The Stochastics value for WOLF is a neutral value. |
| Average True Range in percent/ATR (20) | 11.74 | HIGH VOLATILITY | The high ATR as a percentage value for WOLF suggests high volalility. |
| Average Directional Index/ADX (14) | 20.61 | NEUTRAL | The ADX value for WOLF suggests a possible start of a new trend. |
WOLF Technicals: Chart, Performance Metrics, Trend & Indicators
16.57
-2.37 (-12.51%)
WOLFSPEED INC / WOLF FAQ
What is the ChartMill technical rating of WOLFSPEED INC (WOLF) stock?
ChartMill assigns a technical rating of 6 / 10 to WOLF.
Can you provide the trend direction for WOLFSPEED INC?
The current trend direction for WOLFSPEED INC (WOLF) is Bullish.
What is the RSI signal for WOLFSPEED INC (WOLF) stock?
WOLFSPEED INC (WOLF) has an RSI value of 40.8772. 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 20.62. Check the full technical report for our detailed analysis of WOLF support and resistance levels.