Washington Prime Group Inc (WPG) Technical Analysis
NYSE:WPG
Current stock price
WPG Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to WPG. WPG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, WPG is a bad performer in the overall market: 100% of all stocks are doing better.
- WPG is one of the lesser performing stocks in the Diversified REITs industry. 96% of 123 stocks in the same industry do better.
- WPG is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so WPG is lagging the market.
- In the last month WPG has a been trading in the 0.82 - 2.08 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- WPG has an average volume of 2900010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WPG Weekly and Daily overview Charts
WPG Setup Rating and Analysis
The technical rating of WPG 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
WPG Support and Resistance Analysis
0.82
We can see 2 important resistance areas.
- Resistance @1.45 from a trend line in the daily time frame.
- Resistance @1.54 from a trend line in the weekly time frame.
WPG 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 WPG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WPG is down. |
| ChartMill Relative Strength | 0.22 | NEGATIVE | WPG has a low relative strength, it was outperformed by 99.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WPG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WPG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WPG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.75 | NEUTRAL | The RSI value for WPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WPG has a negative trend. |
| Stochastics (14,3) | 3.83 | OVERSOLD | The low Stochastics value suggests WPG may be oversold. |
| Average True Range in percent/ATR (20) | 17.61 | HIGH VOLATILITY | The high ATR as a percentage value for WPG suggests high volalility. |
WPG Chart- and CandleStick Pattern Analysis
WPG Technicals: Chart, Performance Metrics, Trend & Indicators
0.8323
-0.01 (-1%)
Washington Prime Group Inc / WPG TA FAQ
Can you provide the ChartMill technical rating for Washington Prime Group Inc?
ChartMill assigns a technical rating of 0 / 10 to WPG.
Can you provide the trend direction for Washington Prime Group Inc?
The current trend direction for Washington Prime Group Inc (WPG) is Bearish.
What is the RSI signal for Washington Prime Group Inc (WPG) stock?
Washington Prime Group Inc (WPG) has an RSI value of 32.7474. This indicates that the stock is currently neutral.
What is the short term momentum for Washington Prime Group Inc (WPG) stock?
The short term momentum for Washington Prime Group Inc (WPG) is negative.
What are the support and resistance levels for Washington Prime Group Inc (WPG) stock?
Washington Prime Group Inc (WPG) has a resistance level at 1.45. Check the full technical report for our detailed analysis of WPG support and resistance levels.