WERIDE INC-ADR (WRD) Stock Technical Analysis
NASDAQ:WRD • US9509151083
Overall WRD gets a technical rating of 0 out of 10. WRD'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, WRD is a bad performer in the overall market: 90% of all stocks are doing better.
- WRD is one of the lesser performing stocks in the Automobile Components industry. 77% of 41 stocks in the same industry do better.
- WRD 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.
- WRD has an average volume of 3884120 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 6.88 - 9.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WRD has a poor technical rating and the quality of the setup is also not perfect 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
6.95
When analyzing the support we notice one important area.
- A support zone ranging from 7.02 to 7.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @7.80 from a trend line in the daily time frame.
- A resistance zone ranging from 8.07 to 8.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.82 from a trend line in the daily time frame.
- Resistance @9.05 from a trend line in the weekly 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 | 10.37 | NEGATIVE | WRD has a low relative strength, it was outperformed by 89.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WRD is below 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) | UP | MIXED | The current price of WRD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.24 | NEUTRAL | The RSI value for WRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests WRD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.07 | NEUTRAL | The Stochastics value for WRD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.95 | HIGH VOLATILITY | The high ATR as a percentage value for WRD suggests high volalility. |
| Average Directional Index/ADX (14) | 24.08 | NEUTRAL | The ADX value for WRD suggests a possible start of a new trend. |
7.57
+0.11 (+1.47%)
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.
What is the trend direction for WRD stock?
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 40.2379. This indicates that the stock is currently neutral.
What is the MACD signal for WERIDE INC-ADR (WRD) stock?
The MACD indicator for WERIDE INC-ADR (WRD) has a value of -0.0375181, indicating a bearish trend.
Can you provide the buy/sell signal for WERIDE INC-ADR?
The buy/sell signal for WERIDE INC-ADR (WRD) is sell as both the short term and long term trends are negative.