WPRT Technical Analysis - WESTPORT FUEL SYSTEMS INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to WPRT. WPRT'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, WPRT is a bad performer in the overall market: 99% of all stocks are doing better.

WPRT is one of the lesser performing stocks in the Machinery industry. 95% of 22 stocks in the same industry do better.

WPRT 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.

In the last month WPRT has a been trading in the 2.86 - 3.52 range, which is quite wide. It is currently trading near the lows of this range.

Warning: WPRT has an average volume of 13568 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WESTPORT FUEL SYSTEMS INC / WPRT Weekly stock chart

WESTPORT FUEL SYSTEMS INC / WPRT Daily stock chart

Setup Rating and Analysis

The technical rating of WPRT 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.92

5.00

4 important resistance areas can be observed.

A resistance zone ranging from 3.04 to 3.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @3.23 from a horizontal line in the daily time frame.
A resistance zone ranging from 4.79 to 4.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @4.95 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 WPRT.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WPRT.CA is down.
ChartMill Relative Strength	1.29	NEGATIVE	WPRT.CA has a low relative strength, it was outperformed by 98.71% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WPRT.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WPRT.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WPRT.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	37.01	NEUTRAL	The RSI value for WPRT.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests WPRT.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	15.72	OVERSOLD	The low Stochastics value suggests WPRT.CA may be oversold.
Average True Range in percent/ATR (20)	5.18	HIGH VOLATILITY	The high ATR as a percentage value for WPRT.CA suggests high volalility.
Average Directional Index/ADX (14)	19.36	NEGATIVE	The low ADX value for WPRT.CA suggests a weak or negative trend.