WAYSIDE TECHNOLOGY GROUP INC (WSTG) Stock Technical Analysis
NASDAQ:WSTG • US9467601053
31.11 USD
+0.32 (+1.04%)
At close: Oct 28, 2022
28.51 USD
-2.6 (-8.36%)
After Hours: 10/7/2022, 8:21:43 PM
We assign a technical rating of 7 out of 10 to WSTG. Although WSTG has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- Warning: WSTG has an average volume of 12046 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- WSTG is part of the Electronic Equipment, Instruments & Components industry. There are 122 other stocks in this industry. WSTG outperforms 72% of them.
- In the last month WSTG has a been trading in the 26.01 - 31.60 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that WSTG is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- WSTG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WSTG is lagging the market.
- Considerably lower volume is observed in the last couple of days.
Although WSTG has an excellent technical rating, it does not present a decent entry opportunity 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
25.85
32.65
3 important support areas can be observed.
- Support @28.06 from a horizontal line in the daily time frame.
- A support zone ranging from 26.88 to 27.28. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @26.11 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 31.12 to 31.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.33 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for WSTG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WSTG is up. |
| ChartMill Relative Strength | 90.43 | POSITIVE | WSTG has a high relative strength, it outperformed 90.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WSTG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WSTG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WSTG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.28 | NEUTRAL | The RSI value for WSTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests WSTG has a positive trend. |
| Stochastics (14,3) | 90.36 | OVERBOUGHT | The high Stochastics value suggests WSTG may be overbought. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for WSTG suggests some volalility. |
| Average Directional Index/ADX (14) | 14.26 | NEGATIVE | The low ADX value for WSTG 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)
31.11
+0.32 (+1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg1.04%
1 Week5.03%
2 Weeks6.94%
1 Month15.74%
3 Month-1.24%
6 Month-9.17%
12 Month17%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%3.06%
ATR Inc10.76%
Range Today0.87
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.43
3 months CRSN/A
6 months CRSN/A
Mansfield0.53
10 Day High31.6
10 Day Low28.61
20 Day High31.6
20 Day Low26.01
52 Week High39.45
52 Week Low24.65
CS1 End28.06
CR1 Start31.12
Volume & EV
DER(3)0.1%
DER(5)6.21%
Volume3.20K
Volume Incr-73.49%
Vol(5)2.76K
Vol(50)12.05K
WAYSIDE TECHNOLOGY GROUP INC / WSTG FAQ
What is the technical rating for WSTG stock?
ChartMill assigns a technical rating of 6 / 10 to WSTG.
What is the trend direction for WSTG stock?
The current trend direction for WAYSIDE TECHNOLOGY GROUP INC (WSTG) is Bearish.
Can you provide the RSI signal for WAYSIDE TECHNOLOGY GROUP INC?
WAYSIDE TECHNOLOGY GROUP INC (WSTG) has an RSI value of 68.2838. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WAYSIDE TECHNOLOGY GROUP INC?
The short term momentum for WAYSIDE TECHNOLOGY GROUP INC (WSTG) is positive.