WPRT Technical Analysis - WESTPORT FUEL SYSTEMS INC

Technical Rating and Analysis

Taking everything into account, WPRT scores 0 out of 10 in our technical rating. 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.

97% of all other stocks performed better in the past year than WPRT.

WPRT is one of the lesser performing stocks in the Machinery industry. 91% of 129 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 2.10 - 2.55 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.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

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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

WPRT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.11

3.91

5 important resistance areas can be observed.

A resistance zone ranging from 2.33 to 2.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @3.50 from a trend line in the weekly time frame.
Resistance @3.67 from a trend line in the daily time frame.
Resistance @3.76 from a trend line in the weekly time frame.
Resistance @3.87 from a trend line in the daily time frame.

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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 is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WPRT is down.
ChartMill Relative Strength	3.18	NEGATIVE	WPRT has a low relative strength, it was outperformed by 96.82% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WPRT is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WPRT is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WPRT is below a declining SMA(200).
Relative Strength Index/RSI (14)	32.53	NEUTRAL	The RSI value for WPRT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests WPRT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	4.24	OVERSOLD	The low Stochastics value suggests WPRT may be oversold.
Average True Range in percent/ATR (20)	5.19	HIGH VOLATILITY	The high ATR as a percentage value for WPRT suggests high volalility.
Average Directional Index/ADX (14)	44.33	POSITIVE	The high ADX value value for WPRT suggests a strong trend.