WTE Technical Analysis - WESTSHORE TERMINALS INVESTME

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to WTE. WTE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, WTE is a bad performer in the overall market: 76% of all stocks are doing better.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

WTE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WTE is lagging the market.

In the last month WTE has a been trading in a tight range between 25.07 and 26.32.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WESTSHORE TERMINALS INVESTME / WTE Weekly stock chart

WESTSHORE TERMINALS INVESTME / WTE Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, WTE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 25.66, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.72

29.05

3 important support areas can be observed.

A support zone ranging from 25.20 to 25.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 22.93 to 23.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 21.94 to 22.39. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 28.38 to 28.76. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 WTE.CA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WTE.CA is down.
ChartMill Relative Strength	24.99	NEGATIVE	WTE.CA has a low relative strength, it was outperformed by 75.01% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of WTE.CA is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WTE.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of WTE.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	47.05	NEUTRAL	The RSI value for WTE.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests WTE.CA has a positive trend.
Stochastics (14,3)	62.74	NEUTRAL	The Stochastics value for WTE.CA is a neutral value.
Average True Range in percent/ATR (20)	1.22	LOW VOLATILITY	The low ATR as a percentage value for WTE.CA suggests low volalility.
Average Directional Index/ADX (14)	24.23	NEUTRAL	The ADX value for WTE.CA suggests a possible start of a new trend.