WRD Technical Analysis - WERIDE INC-ADR

Technical Rating and Analysis

Taking everything into account, WRD scores 6 out of 10 in our technical rating. In the last year, WRD was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, WRD is a bad performer in the overall market: 100% of all stocks are doing better.

WRD is one of the lesser performing stocks in the Automobile Components industry. 98% of 81 stocks in the same industry do better.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

WRD has an average volume of 7124600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month WRD has a been trading in the 8.74 - 12.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

Setup Rating and Analysis

WRD 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.25

11.69

5 important support areas can be observed.

Support @9.35 from a trend line in the daily time frame.
A support zone ranging from 9.01 to 9.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @8.86 from a horizontal line in the daily time frame.
Support @8.65 from a horizontal line in the daily time frame.
Support @8.33 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

Resistance @11.35 from a trend line in the daily time frame.
A resistance zone ranging from 11.54 to 11.57. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for WRD is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for WRD is up.
ChartMill Relative Strength	0	NEGATIVE	WRD has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of WRD is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of WRD is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WRD is below a declining SMA(200).
Relative Strength Index/RSI (14)	50.55	NEUTRAL	The RSI value for WRD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests WRD has a positive trend, although the MACD value is declining.
Stochastics (14,3)	50.99	NEUTRAL	The Stochastics value for WRD is a neutral value.
Average True Range in percent/ATR (20)	5.7	HIGH VOLATILITY	The high ATR as a percentage value for WRD suggests high volalility.
Average Directional Index/ADX (14)	26.98	POSITIVE	The high ADX value value for WRD suggests a strong trend.