WERIDE INC-ADR (WRD) Technical Analysis
NASDAQ:WRD • US9509151083
Current stock price
WRD Technical Rating and Analysis
Overall WRD gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. WRD was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, WRD is a bad performer in the overall market: 88% of all stocks are doing better.
- WRD is part of the Automobile Components industry. There are 41 other stocks in this industry, of which 80% are performing better than WRD.
- WRD is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WRD is lagging the market.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month WRD has a been trading in the 6.00 - 8.30 range, which is quite wide. It is currently trading near the high of this range.
- WRD has an average volume of 5030690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WRD Weekly and Daily overview Charts
WRD Setup Rating and Analysis
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.
More info and screens
WRD Support and Resistance Analysis
6.23
We found 3 important support areas.
- A support zone ranging from 7.35 to 7.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.95 to 6.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.29 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.10 to 8.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
WRD 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 | 12.8 | NEGATIVE | WRD has a low relative strength, it was outperformed by 87.2% 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) | DOWN | MIXED | The current price of WRD is above 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) | 58.58 | NEUTRAL | The RSI value for WRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests WRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.88 | OVERBOUGHT | The high Stochastics value suggests WRD may be overbought. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for WRD suggests high volalility. |
| Average Directional Index/ADX (14) | 24.64 | NEUTRAL | The ADX value for WRD suggests a possible start of a new trend. |
WRD Chart- and CandleStick Pattern Analysis
WRD Technicals: Chart, Performance Metrics, Trend & Indicators
7.81
-0.08 (-1.01%)
WERIDE INC-ADR / WRD TA FAQ
Can you provide the ChartMill technical rating for WERIDE INC-ADR?
ChartMill assigns a technical rating of 3 / 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 WERIDE INC-ADR (WRD) stock?
WERIDE INC-ADR (WRD) has an RSI value of 58.5772. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WERIDE INC-ADR?
The short term momentum for WERIDE INC-ADR (WRD) is positive.
Can you provide the support and resistance levels for WERIDE INC-ADR?
WERIDE INC-ADR (WRD) has a support level at 7.5 and a resistance level at 8.1. Check the full technical report for our detailed analysis of WRD support and resistance levels.