WETOUCH TECHNOLOGY INC (WETH) Stock Technical Analysis
NASDAQ:WETH - Nasdaq - US9618812088 - Common Stock - Currency: USD
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, WETH is a bad performer in the overall market: 93% of all stocks are doing better.
WETH is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 83% are performing better than WETH.
WETH is currently making a new 52 week low. This is a very bad signal. WETH is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month WETH has a been trading in the 0.76 - 1.56 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of WETH is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.89
1.39
We found 1 important resistance area.
- A resistance zone ranging from 1.38 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS7.34
Mansfield-4.66
10 Day High1.37
10 Day Low0.76
20 Day High1.56
20 Day Low0.76
52 Week High3.62
52 Week Low0.76
Performance
1 Week-24.84%
2 Weeks-27.27%
1 Month-37.45%
3 Month-42.92%
6 Month-48.9%
12 Month-54.79%
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)-0.03
RSI(14)22.46
LBB1
UBB1.42
0.9019
-0.16 (-14.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-14.92%
1 Week-24.84%
2 Weeks-27.27%
1 Month-37.45%
3 Month-42.92%
6 Month-48.9%
12 Month-54.79%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%13.1%
ATR Inc161.47%
Range Today0.35
ADR(20)0.12
ADR(20)%12.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.34
Mansfield-4.66
10 Day High1.37
10 Day Low0.76
20 Day High1.56
20 Day Low0.76
52 Week High3.62
52 Week Low0.76
CS1 EndN/A
CR1 Start1.38
Volume & EV
DER(3)-11.54%
DER(5)-6.49%
Volume777.00K
Volume Incr278.44%
Vol(5)427.90K
Vol(50)140.71K