WETOUCH TECHNOLOGY INC (WETH)
US9618812088 - Common Stock
Overall WETH gets a technical rating of 0 out of 10. WETH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, WETH is a bad performer in the overall market: 100% of all stocks are doing better.
WETH is part of the Electronic Equipment, Instruments & Components industry. There are 127 other stocks in this industry, of which 92% are performing better than WETH.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
In the last month WETH has a been trading in the 1.42 - 1.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, WETH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. 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
1.28
2.08
We found 5 important support areas.
- Support @1.61 from a trend line in the daily time frame.
- Support @1.58 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.49 to 1.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.35 from a trend line in the daily time frame.
- Support @1.29 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @1.78 from a horizontal line in the weekly time frame.
- Resistance @1.82 from a trend line in the daily time frame.
- Resistance @2.06 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
CRS0
Mansfield-30
10 Day High1.89
10 Day Low1.56
20 Day High1.93
20 Day Low1.42
52 Week HighN/A
52 Week LowN/A
Performance
1 Week-2.41%
2 Weeks-2.11%
1 Month-9.75%
3 Month-12.43%
6 Month-31.36%
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
RSI(14)45.03
LBB1.57
UBB1.8
WETOUCH TECHNOLOGY INC
NASDAQ:WETH (12/20/2024, 8:00:01 PM)
1.62
-0.03 (-1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.82%
1 Week-2.41%
2 Weeks-2.11%
1 Month-9.75%
3 Month-12.43%
6 Month-31.36%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%9.42%
ATR Inc-22.36%
Range Today0.07
ADR(20)0.15
ADR(20)%9.42%
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 High1.89
10 Day Low1.56
20 Day High1.93
20 Day Low1.42
52 Week HighN/A
52 Week LowN/A
CS1 End1.61
CR1 Start1.78
Volume & EV
DER(3)-18.09%
DER(5)-5.54%
Volume115.50K
Volume Incr-15.38%
Vol(5)237.26K
Vol(50)232.36K