Taking everything into account, WAFU scores 1 out of 10 in our technical rating. WAFU'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.
WAFU has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.60, a Stop Loss order could be placed below this zone.
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1.37
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.59 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.54 from a trend line in the daily time frame.
- Support @1.46 from a trend line in the weekly time frame.
- A support zone ranging from 1.38 to 1.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.68 to 1.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.81 from a trend line in the daily time frame.
- Resistance @2.01 from a trend line in the weekly time frame.
- Resistance @2.08 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for WAFU is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WAFU is neutral. |
| ChartMill Relative Strength | 33.69 | NEUTRAL | WAFU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WAFU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WAFU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WAFU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.01 | NEUTRAL | The RSI value for WAFU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WAFU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.02 | NEUTRAL | The Stochastics value for WAFU is a neutral value. |
| Average True Range in percent/ATR (20) | 5.83 | HIGH VOLATILITY | The high ATR as a percentage value for WAFU suggests high volalility. |
| Average Directional Index/ADX (14) | 20.36 | NEUTRAL | The ADX value for WAFU suggests a possible start of a new trend. |
1.61
-0.04 (-2.32%)
WAH FU EDUCATION GROUP LTD / WAFU FAQ
What is the ChartMill technical rating of WAH FU EDUCATION GROUP LTD (WAFU) stock?
ChartMill assigns a technical rating of 1 / 10 to WAFU.
Can you provide the trend direction for WAH FU EDUCATION GROUP LTD?
The current trend direction for WAH FU EDUCATION GROUP LTD (WAFU) is Bearish.
What is the RSI signal for WAFU stock?
WAH FU EDUCATION GROUP LTD (WAFU) has an RSI value of 43.0119. This indicates that the stock is currently neutral.
What is the MACD signal for WAH FU EDUCATION GROUP LTD (WAFU) stock?
The MACD indicator for WAH FU EDUCATION GROUP LTD (WAFU) has a value of 0.00168238, indicating a bearish trend.