WAYSTAR HOLDING CORP (WAY) Stock Technical Analysis
NASDAQ:WAY - Nasdaq - US9467841055 - Common Stock
We assign a technical rating of 7 out of 10 to WAY. Although WAY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, WAY is a bad performer in the overall market: 100% of all stocks are doing better.
WAY is one of the lesser performing stocks in the Health Care Technology industry. 86% of 39 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
WAY 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.
WAY has an average volume of 1256800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, WAY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 37.93. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
28.50
38.56
We found 4 important support areas.
- A support zone ranging from 37.07 to 37.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.94 from a horizontal line in the daily time frame.
- Support @32.74 from a trend line in the daily time frame.
- Support @28.79 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 37.93 to 38.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High38.34
10 Day Low35.85
20 Day High38.35
20 Day Low34.37
52 Week HighN/A
52 Week LowN/A
Performance
1 Week-0.05%
2 Weeks4.23%
1 Month5.58%
3 Month34.45%
6 Month66.09%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.21
RSI(14)63.54
LBB36.3
UBB38.2
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 38.19 | 37.06 | 1.13 (2.96%) | 25.00% |
| An entry @38.19. This is a Buy Stop order right above the resistance zone. | An exit @37.06. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.13 points, which is 2.96%. | For a 0.74% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WAY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
WAYSTAR HOLDING CORP
NASDAQ:WAY (1/17/2025, 8:00:02 PM)
After market: 37.47 0 (0%)37.47
+0.11 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg0.29%
1 Week-0.05%
2 Weeks4.23%
1 Month5.58%
3 Month34.45%
6 Month66.09%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%3.27%
ATR Inc-36.49%
Range Today0.78
ADR(20)1.21
ADR(20)%3.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High38.34
10 Day Low35.85
20 Day High38.35
20 Day Low34.37
52 Week HighN/A
52 Week LowN/A
CS1 End37.46
CR1 Start37.93
Volume & EV
DER(3)1.84%
DER(5)0.56%
Volume919.60K
Volume Incr-10.99%
Vol(5)1.13M
Vol(50)1.26M