WETOUCH TECHNOLOGY INC (WETH)
US9618812088 - Common Stock
Taking everything into account, WETH scores 1 out of 10 in our technical rating. 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.
100% of all other stocks performed better in the past year than WETH.
WETH is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 92% of 127 stocks in the same industry do better.
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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month WETH has a been trading in the 1.50 - 2.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WETH has a poor technical rating and the quality of the setup is also not perfect 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
1.25
2.10
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.67 to 1.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.56 from a trend line in the daily time frame.
- Support @1.29 from a horizontal line in the weekly time frame.
- Support @1.26 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.04 from a horizontal line in the daily time frame.
- Resistance @2.08 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 High1.83
10 Day Low1.5
20 Day High2.12
20 Day Low1.5
52 Week HighN/A
52 Week LowN/A
Performance
1 Week21.33%
2 Weeks6.43%
1 Month-9.9%
3 Month-22.88%
6 Month-55.5%
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)0.02
RSI(14)54.88
LBB1.5
UBB1.84
WETOUCH TECHNOLOGY INC
NASDAQ:WETH (9/17/2024, 8:00:02 PM)
1.82
+0.07 (+4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg4%
1 Week21.33%
2 Weeks6.43%
1 Month-9.9%
3 Month-22.88%
6 Month-55.5%
12 MonthN/A
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.12
ATR(20)%8.69%
ATR Inc
Range Today0.09
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High1.83
10 Day Low1.5
20 Day High2.12
20 Day Low1.5
52 Week HighN/A
52 Week LowN/A
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume75.40K
Volume Incr-49.34%
Vol(5)48.13K
Vol(50)90.12K