WOLVERINE WORLD WIDE INC (WWW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WWW - US9780971035 - Common Stock
18.03 USD
+0.11 (+0.61%)
18.1 USD
+0.07 (+0.39%)
We assign a technical rating of 1 out of 10 to WWW. 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.
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.
When comparing the yearly performance of all stocks, WWW is a bad performer in the overall market: 86% of all stocks are doing better.
WWW is one of the lesser performing stocks in the Textiles, Apparel & Luxury Goods industry. 72% of 45 stocks in the same industry do better.
WWW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
WWW has an average volume of 2037150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Although the technical rating is bad, WWW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
11.84
22.29
When analyzing the support we can see 4 important areas.
- Support @17.52 from a horizontal line in the daily time frame.
- Support @16.52 from a trend line in the weekly time frame.
- A support zone ranging from 15.41 to 15.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.96 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 18.04 to 18.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.80 to 18.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @22.07 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 | 14.63 | NEGATIVE | WWW has a low relative strength, it was outperformed by 85.37% 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) | 49.3 | NEUTRAL | The RSI value for WWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests WWW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.27 | NEUTRAL | The Stochastics value for WWW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for WWW suggests some volalility. |
| Average Directional Index/ADX (14) | 19.42 | NEGATIVE | The low ADX value for WWW suggests a weak or negative 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)
18.03
+0.11 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg0.61%
1 Week-0.22%
2 Weeks-1.74%
1 Month5.93%
3 Month-28.85%
6 Month-9.58%
12 Month-19.54%
2 Year102.81%
3 Year64.96%
5 Year-42.3%
10 Year7.9%
15 Year13.11%
Volatility
ATR(14)0.68
ATR(20)%3.52%
ATR Inc-23.54%
Range Today0.7
ADR(20)0.63
ADR(20)%3.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.63
3 months CRS12.25
6 months CRS22.85
Mansfield-1.76
10 Day High19.24
10 Day Low17.41
20 Day High19.24
20 Day Low16.49
52 Week High32.8
52 Week Low9.58
CS1 End17.52
CR1 Start18.04
Volume & EV
DER(3)0.46%
DER(5)0.3%
Volume1.01M
Volume Incr-48.79%
Vol(5)898.32K
Vol(50)2.04M
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 49.304. 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 17.52 and a resistance level at 18.04. Check the full technical report for our detailed analysis of WWW support and resistance levels.