WAYSIDE TECHNOLOGY GROUP INC (WSTG) Technical Analysis
NASDAQ:WSTG • US9467601053
Current stock price
WSTG Technical Rating and Analysis
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 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 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.
- Looking at the yearly performance, WSTG did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- WSTG is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 65% of 124 stocks in the same industry.
- 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.
WSTG Weekly and Daily overview Charts
WSTG Setup Rating and Analysis
Although WSTG has an excellent technical rating, it 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
WSTG Support and Resistance Analysis
25.85
When analyzing the support we can see 3 important areas.
- 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.
When analyzing the resistance we notice 2 important areas.
- 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.
WSTG 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 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. |
WSTG Chart- and CandleStick Pattern Analysis
WSTG Technicals: Chart, Performance Metrics, Trend & Indicators
31.11
+0.32 (+1.04%)
WAYSIDE TECHNOLOGY GROUP INC / WSTG TA FAQ
What is the technical rating for WSTG stock?
ChartMill assigns a technical rating of 6 / 10 to WSTG.
Can you provide the trend direction for WAYSIDE TECHNOLOGY GROUP INC?
The current trend direction for WAYSIDE TECHNOLOGY GROUP INC (WSTG) is Bearish.
What is the RSI signal for WSTG stock?
WAYSIDE TECHNOLOGY GROUP INC (WSTG) has an RSI value of 68.2838. This indicates that the stock is currently neutral.
What is the MACD signal for WSTG stock?
The MACD indicator for WAYSIDE TECHNOLOGY GROUP INC (WSTG) has a value of 0.24527, indicating a bearish trend.
What is the short term momentum for WSTG stock?
The short term momentum for WAYSIDE TECHNOLOGY GROUP INC (WSTG) is positive.