WERIDE INC-ADR (WRD) Stock Technical Analysis
USA - NASDAQ:WRD - US9509151083 - ADR
Taking everything into account, WRD scores 5 out of 10 in our technical rating. WRD was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
WRD has an average technical rating and also the quality of the setup is only medium 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
8.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.82 to 10.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.26 from a trend line in the daily time frame.
- Support @8.65 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @11.23 from a trend line in the daily time frame.
- A resistance zone ranging from 11.54 to 11.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for WRD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WRD is neutral. |
| ChartMill Relative Strength | 30.53 | NEUTRAL | WRD is not amongst the best or worst performers 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) | 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) | 50.11 | NEUTRAL | The RSI value for WRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WRD has a negative trend. |
| Stochastics (14,3) | 50.54 | NEUTRAL | The Stochastics value for WRD is a neutral value. |
| Average True Range in percent/ATR (20) | 7.67 | HIGH VOLATILITY | The high ATR as a percentage value for WRD suggests high volalility. |
| Average Directional Index/ADX (14) | 12.02 | NEGATIVE | The low ADX value for WRD suggests a weak or negative trend. |
10.67
+0.07 (+0.66%)
WERIDE INC-ADR / WRD FAQ
Can you provide the ChartMill technical rating for WERIDE INC-ADR?
ChartMill assigns a technical rating of 5 / 10 to WRD.
Can you provide the trend direction for WERIDE INC-ADR?
The current trend direction for WERIDE INC-ADR (WRD) is Bullish.
What is the RSI signal for WRD stock?
WERIDE INC-ADR (WRD) has an RSI value of 50.1099. This indicates that the stock is currently neutral.
What is the support and resistance level for WRD stock?
WERIDE INC-ADR (WRD) has a support level at 10.17 and a resistance level at 11.23. Check the full technical report for our detailed analysis of WRD support and resistance levels.