WWW Technical Analysis - WOLVERINE WORLD WIDE INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to WWW. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month WWW has a been trading in the 28.90 - 32.80 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

Looking at the yearly performance, WWW did better than 93% of all other stocks.

WWW is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 93% of 48 stocks in the same industry.

WWW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WWW is lagging the market slightly.

WWW has an average volume of 1847520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

WOLVERINE WORLD WIDE INC / WWW Weekly stock chart

WOLVERINE WORLD WIDE INC / WWW Daily stock chart

Setup Rating and Analysis

WWW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

25.38

32.72

When analyzing the support we notice one important area.

Support @25.64 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 31.94 to 32.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for WWW is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for WWW is neutral.
ChartMill Relative Strength	93	POSITIVE	WWW has a high relative strength, it outperformed 93% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WWW is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of WWW is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of WWW is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.57	NEUTRAL	The RSI value for WWW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.51	NEGATIVE	The MACD value suggests WWW has a negative trend.
Stochastics (14,3)	18.72	OVERSOLD	The low Stochastics value suggests WWW may be oversold.
Average True Range in percent/ATR (20)	3.35	MEDIUM VOLATILITY	The ATR as a percentage value for WWW suggests some volalility.
Average Directional Index/ADX (14)	32.06	POSITIVE	The high ADX value value for WWW suggests a strong trend.