WESTWATER RESOURCES INC (WWR) Stock Technical Analysis
NYSEARCA:WWR - NYSE Arca - US9616842061 - Common Stock - Currency: USD
Taking everything into account, WWR scores 6 out of 10 in our technical rating. WWR has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
WWR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, WWR did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
WWR is an average performer in the Electrical Equipment industry, it outperforms 49% of 94 stocks in the same industry.
In the last month WWR has a been trading in the 0.50 - 0.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
WWR has only a medium 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 0.64. Right above this resistance zone may be a good entry point.
More info and screens
0.47
0.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.59 to 0.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.47 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @0.62 from a trend line in the daily time frame.
- Resistance @0.65 from a horizontal line in the daily time frame.
- A resistance zone ranging from 0.67 to 0.67. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for WWR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WWR is up. |
| ChartMill Relative Strength | 72.68 | POSITIVE | WWR has a high relative strength, it outperformed 72.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WWR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WWR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WWR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.54 | NEUTRAL | The RSI value for WWR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WWR has a negative trend. |
| Stochastics (14,3) | 52.53 | NEUTRAL | The Stochastics value for WWR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.6 | HIGH VOLATILITY | The high ATR as a percentage value for WWR suggests high volalility. |
| Average Directional Index/ADX (14) | 29.15 | POSITIVE | The high ADX value value for WWR suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.66 | 0.55 | 0.11 (16.52%) | 6.06% |
| An entry @0.66. This is a Buy Stop order right above the resistance zone. | An exit @0.55. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.11 points, which is 16.52%. | For a 1.00% total portfolio risk, you can invest 6.06% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
0.6
-0.01 (-1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-1.17%
1 Week-0.55%
2 Weeks0%
1 Month17.76%
3 Month15.99%
6 Month-25.93%
12 Month25%
2 Year-34.78%
3 Year-51.22%
5 Year-74.47%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%7.6%
ATR Inc-43.15%
Range Today0.03
ADR(20)0.04
ADR(20)%7.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.68
Mansfield-0.85
10 Day High0.66
10 Day Low0.56
20 Day High0.66
20 Day Low0.5
52 Week High1.32
52 Week Low0.45
CS1 End0.57
CR1 Start0.64
Volume & EV
DER(3)-9.27%
DER(5)-4.1%
Volume319.20K
Volume Incr-48.89%
Vol(5)353.74K
Vol(50)592.64K