WOLVERINE WORLD WIDE INC (WWW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WWW - US9780971035 - Common Stock
Taking everything into account, WWW scores 1 out of 10 in our technical rating. WWW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
WWW has a poor technical rating and the quality of the setup is also only medium 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.
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11.74
4 important support areas can be observed.
- Support @16.06 from a trend line in the weekly time frame.
- Support @15.44 from a horizontal line in the weekly time frame.
- Support @15.09 from a trend line in the daily time frame.
- Support @11.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @18.56 from a horizontal line in the daily time frame.
- Resistance @23.41 from a trend 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 | DOWN | NEGATIVE | The long term trend for WWW is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WWW is neutral. |
| ChartMill Relative Strength | 9.13 | NEGATIVE | WWW has a low relative strength, it was outperformed by 90.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WWW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WWW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WWW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.58 | NEUTRAL | The RSI value for WWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests WWW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.6 | OVERBOUGHT | The high Stochastics value suggests WWW may be overbought. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for WWW suggests some volalility. |
| Average Directional Index/ADX (14) | 31.46 | POSITIVE | The high ADX value value for WWW suggests a strong trend. |
18.12
-0.44 (-2.37%)
WOLVERINE WORLD WIDE INC / WWW FAQ
What is the technical rating for WWW stock?
ChartMill assigns a technical rating of 1 / 10 to WWW.
What is the trend direction for WWW stock?
The current trend direction for WOLVERINE WORLD WIDE INC (WWW) is Bearish.
What is the RSI signal for WWW stock?
WOLVERINE WORLD WIDE INC (WWW) has an RSI value of 50.5756. This indicates that the stock is currently neutral.
What are the support and resistance levels for WOLVERINE WORLD WIDE INC (WWW) stock?
WOLVERINE WORLD WIDE INC (WWW) has a support level at 16.06 and a resistance level at 18.56. Check the full technical report for our detailed analysis of WWW support and resistance levels.