WOLVERINE WORLD WIDE INC (WWW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WWW - US9780971035 - Common Stock
We assign a technical rating of 1 out of 10 to WWW. WWW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
WWW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.40, a Stop Loss order could be placed below this zone.
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11.90
We found 5 important support areas.
- A support zone ranging from 18.30 to 18.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 17.52 to 17.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.84 from a trend line in the weekly time frame.
- Support @15.64 from a trend line in the daily time frame.
- Support @12.02 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.03 to 19.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.10 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 | 13.23 | NEGATIVE | WWW has a low relative strength, it was outperformed by 86.77% 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 | MIXED | The current price of WWW is above 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) | 55.48 | NEUTRAL | The RSI value for WWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests WWW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.74 | NEUTRAL | The Stochastics value for WWW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for WWW suggests some volalility. |
| Average Directional Index/ADX (14) | 16.67 | NEGATIVE | The low ADX value for WWW suggests a weak or negative trend. |
18.79
-0.24 (-1.26%)
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 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 55.4799. 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 18.4 and a resistance level at 19.03. Check the full technical report for our detailed analysis of WWW support and resistance levels.