WSDTREE HIGH IN LADRD MUN FU (WTMY) Stock Technical Analysis
NASDAQ:WTMY - Nasdaq - US97717Y3788 - ETF - Currency: USD
Overall WTMY gets a technical rating of 3 out of 10. WTMY performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
WTMY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 24.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.82, a Stop Loss order could be placed below this zone.
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24.06
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.76 to 24.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.30 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.84 to 24.95. 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 | UP | POSITIVE | The long term trend for WTMY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WTMY is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | WTMY has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WTMY is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 47.03 | NEUTRAL | The RSI value for WTMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests WTMY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.03 | NEUTRAL | The Stochastics value for WTMY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for WTMY suggests low volalility. |
| Average Directional Index/ADX (14) | 8.75 | NEGATIVE | The low ADX value for WTMY suggests a weak or negative trend. |
NASDAQ:WTMY (6/6/2025, 8:00:02 PM)
24.8212
-0.02 (-0.1%)