WOLFSPEED INC (WOLF) Stock Technical Analysis
NYSE:WOLF - New York Stock Exchange, Inc. - US2254471012 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to WOLF. WOLF'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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, WOLF is a bad performer in the overall market: 100% of all stocks are doing better.
WOLF is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, of which 96% are performing better than WOLF.
WOLF 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.
WOLF has an average volume of 72002500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month WOLF has a been trading in the 0.39 - 3.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of WOLF is bad and it also does not present a 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
1.32
2.13
We found 1 important support area.
- Support @1.33 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.82 to 1.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.98 from a trend line in the daily time frame.
- Resistance @2.11 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 WOLF is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WOLF is neutral. |
| ChartMill Relative Strength | 0.95 | NEGATIVE | WOLF has a low relative strength, it was outperformed by 99.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WOLF is above 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) | DOWN | NEGATIVE | The current price of WOLF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.85 | NEUTRAL | The RSI value for WOLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests WOLF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.24 | NEUTRAL | The Stochastics value for WOLF is a neutral value. |
| Average True Range in percent/ATR (20) | 30.3 | HIGH VOLATILITY | The high ATR as a percentage value for WOLF suggests high volalility. |
| Average Directional Index/ADX (14) | 25.25 | POSITIVE | The high ADX value value for WOLF 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)
1.39
-0.12 (-7.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-7.95%
1 Week-12.58%
2 Weeks79.8%
1 Month11.2%
3 Month-43.72%
6 Month-77.87%
12 Month-93.37%
2 Year-97.89%
3 Year-98.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%30.3%
ATR Inc-71.13%
Range Today0.13
ADR(20)0.38
ADR(20)%27.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.95
Mansfield-8.16
10 Day High3.33
10 Day Low0.8
20 Day High3.33
20 Day Low0.39
52 Week High21.89
52 Week Low0.39
CS1 End1.33
CR1 Start1.82
Volume & EV
DER(3)-3.38%
DER(5)-3.57%
Volume22.24M
Volume Incr-55.66%
Vol(5)51.29M
Vol(50)72.00M