WERIDE INC-ADR (WRD) Stock Technical Analysis
NASDAQ:WRD - Nasdaq - US9509151083 - ADR - Currency: USD
Overall WRD gets a technical rating of 4 out of 10. In the past year, WRD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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 part of the Automobile Components industry. There are 80 other stocks in this industry, of which 98% are performing better than WRD.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month WRD has a been trading in the 7.23 - 9.35 range, which is quite wide. It is currently trading near the high of this range.
WRD has an average volume of 15451300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
7.67
9.36
3 important support areas can be observed.
- Support @8.53 from a horizontal line in the daily time frame.
- Support @7.99 from a trend line in the daily time frame.
- Support @7.75 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.11 to 9.27. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for WRD is down. |
| 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). |
| Relative Strength Index/RSI (14) | 57.39 | NEUTRAL | The RSI value for WRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests WRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.56 | OVERBOUGHT | The high Stochastics value suggests WRD may be overbought. |
| Average True Range in percent/ATR (20) | 5.49 | HIGH VOLATILITY | The high ATR as a percentage value for WRD suggests high volalility. |
| Average Directional Index/ADX (14) | 16 | NEGATIVE | The low ADX value for WRD suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.1
-0.16 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-1.73%
1 Week6.56%
2 Weeks11.79%
1 Month18.8%
3 Month10.57%
6 Month-31.32%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%5.49%
ATR Inc-14.61%
Range Today0.31
ADR(20)0.48
ADR(20)%5.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High9.35
10 Day Low7.9
20 Day High9.35
20 Day Low7.23
52 Week HighN/A
52 Week LowN/A
CS1 End8.53
CR1 Start9.11
Volume & EV
DER(3)0.73%
DER(5)-1.51%
Volume5.69M
Volume Incr-18%
Vol(5)6.35M
Vol(50)15.45M