WETRADE GROUP INC (WETG) Stock Technical Analysis
NASDAQ:WETG - Nasdaq - US9618842028 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to WETG. Recently some decent action could be observed, but in the medium term time frame this is still negative. WETG was also a bad performer in the overall market in the last year.
85% of all other stocks performed better in the past year than WETG.
WETG is part of the Software industry. There are 285 other stocks in this industry, of which 69% are performing better than WETG.
WETG is currently trading near the lower end of its 52 week range, which is not a good sign. WETG is lagging the S&P500 Index which is trading in the middle of its 52 week range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month WETG has a been trading in the 3.10 - 6.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WETG has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.62
5.10
When analyzing the support we notice one important area.
- Support @3.66 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.62
Mansfield-4.92
10 Day High6.2
10 Day Low3.16
20 Day High6.2
20 Day Low3.1
52 Week High41.44
52 Week Low2.11
Performance
1 Week22.28%
2 Weeks51.42%
1 Month45.95%
3 Month47.66%
6 Month-62.31%
12 Month-88.08%
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)0.18
RSI(14)62.95
LBB2.46
UBB5.53
NASDAQ:WETG (4/1/2024, 8:00:03 PM)
5.05
+0.25 (+5.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg5.21%
1 Week22.28%
2 Weeks51.42%
1 Month45.95%
3 Month47.66%
6 Month-62.31%
12 Month-88.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%10.8%
ATR Inc96.49%
Range Today0.68
ADR(20)0.54
ADR(20)%10.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.62
Mansfield-4.92
10 Day High6.2
10 Day Low3.16
20 Day High6.2
20 Day Low3.1
52 Week High41.44
52 Week Low2.11
CS1 End3.66
CR1 StartN/A
Volume & EV
DER(3)-7.5%
DER(5)-5.45%
Volume9.30K
Volume Incr-35.3%
Vol(5)60.22K
Vol(50)121.96K