WOLVERINE WORLD WIDE INC (WWW) Stock Technical Analysis
NYSE:WWW • US9780971035
Overall WWW gets a technical rating of 2 out of 10. WWW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- WWW has an average volume of 1552190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that WWW is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- WWW is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry, WWW did better than 65% of them.
- WWW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WWW is lagging the market.
- In the last month WWW has a been trading in the 16.80 - 18.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, WWW does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.08, a Stop Loss order could be placed below this zone.
More info and screens
12.06
4 important support areas can be observed.
- A support zone ranging from 17.52 to 18.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.12 from a horizontal line in the daily time frame.
- Support @15.44 from a horizontal line in the weekly time frame.
- Support @12.18 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 18.66 to 18.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.30 to 19.35. 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 | 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 | 73.17 | POSITIVE | WWW has a high relative strength, it outperformed 73.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WWW is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WWW is below the rising 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) | 50.56 | NEUTRAL | The RSI value for WWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests WWW has a positive trend. |
| Stochastics (14,3) | 62.72 | NEUTRAL | The Stochastics value for WWW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for WWW suggests some volalility. |
| Average Directional Index/ADX (14) | 11.19 | NEGATIVE | The low ADX value for WWW suggests a weak or negative trend. |
18.16
+0.24 (+1.34%)
WOLVERINE WORLD WIDE INC / WWW FAQ
What is the technical rating for WWW stock?
ChartMill assigns a technical rating of 2 / 10 to WWW.
What is the current trend direction of WOLVERINE WORLD WIDE INC (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 50.5615. This indicates that the stock is currently neutral.
What is the short term momentum for WWW stock?
The short term momentum for WOLVERINE WORLD WIDE INC (WWW) is neutral.
Can you provide the support and resistance levels for WOLVERINE WORLD WIDE INC?
WOLVERINE WORLD WIDE INC (WWW) has a support level at 18.08 and a resistance level at 18.66. Check the full technical report for our detailed analysis of WWW support and resistance levels.