Taking everything into account, WRD scores 0 out of 10 in our technical rating. WRD 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 technical rating of WRD 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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6.95
When analyzing the support we notice one important area.
- A support zone ranging from 7.02 to 7.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.25 to 8.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.86 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 WRD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WRD is down. |
| ChartMill Relative Strength | 9.62 | NEGATIVE | WRD has a low relative strength, it was outperformed by 90.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WRD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WRD is below a declining 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) | 46.58 | NEUTRAL | The RSI value for WRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests WRD has a positive trend. |
| Stochastics (14,3) | 71.16 | NEUTRAL | The Stochastics value for WRD is a neutral value. |
| Average True Range in percent/ATR (20) | 7.68 | HIGH VOLATILITY | The high ATR as a percentage value for WRD suggests high volalility. |
| Average Directional Index/ADX (14) | 21.37 | NEUTRAL | The ADX value for WRD suggests a possible start of a new trend. |
8.24
+0.2 (+2.49%)
WERIDE INC-ADR / WRD FAQ
Can you provide the ChartMill technical rating for WERIDE INC-ADR?
ChartMill assigns a technical rating of 0 / 10 to WRD.
Can you provide the trend direction for WERIDE INC-ADR?
The current trend direction for WERIDE INC-ADR (WRD) is Bearish.
What is the RSI signal for WRD stock?
WERIDE INC-ADR (WRD) has an RSI value of 46.5848. This indicates that the stock is currently neutral.
What is the buy/sell signal for WRD stock?
The buy/sell signal for WERIDE INC-ADR (WRD) is sell as both the short term and long term trends are negative.
What is the support and resistance level for WRD stock?
WERIDE INC-ADR (WRD) has a support level at 7.07 and a resistance level at 8.25. Check the full technical report for our detailed analysis of WRD support and resistance levels.