WEIBO CORP.
WEIBO CORP.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: WB
ISIN:

WEIBO CORP. - Daily - Technical analysis published on 02/06/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 49.70 USD
My targets
44.23 USD (-2.30%)
40.68 USD (-10.14%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on WEIBO CORP.. As long as you are under the resistance located at 49.70 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 44.23 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 40.68 USD as an objective. Crossing it would then enable sellers to target 34.91 USD. If the resistance 49.70 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
2.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The WEIBO CORP. rating is 45.27 USD. The price has increased by +2.24% since the last closing and was traded between 44.46 USD and 45.56 USD over the period. The price is currently at +1.82% from its lowest and -0.64% from its highest.

44.46
45.56
45.27

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this Daily chart of WEIBO CORP. indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 8 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 34.91 40.68 44.23 45.27 50.19 54.72 58.63
Change (%) -22.88% -10.14% -2.30% - +10.87% +20.87% +29.51%
Change -10.36 -4.59 -1.04 - +4.92 +9.45 +13.36
Level Minor Major Major - Major Major Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard40.8142.2643.2744.7245.7347.1848.19
Camarilla43.6043.8344.0644.2844.5144.7344.96
Woodie40.5942.1543.0544.6145.5147.0747.97
Fibonacci42.2643.2043.7844.7245.6646.2447.18


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard37.0838.9440.7842.6444.4846.3448.18
Camarilla41.6041.9442.2842.6242.9643.3043.64
Woodie37.0738.9440.7742.6444.4746.3448.17
Fibonacci38.9440.3541.2342.6444.0544.9346.34


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard26.6433.7238.1745.2549.7056.7861.23
Camarilla39.4540.5141.5642.6243.6844.7345.79
Woodie25.3333.0636.8644.5948.3956.1259.92
Fibonacci33.7238.1240.8545.2549.6552.3856.78

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 49.73
MACD (12,26,9): -0.7100
Directional Movement: -8.74
AROON (14): -42.86
DEMA (21): 44.31
Parabolic SAR (0,02-0,02-0,2): 46.24
Elder Ray (13): 0.25
Super Trend (3,10): 48.76
Zig ZAG (10): 45.23
VORTEX (21): 0.8600
Stochastique (14,3,5): 47.19
TEMA (21): 43.70
Williams %R (14): -40.69
Chande Momentum Oscillator (20): 1.17
Repulse (5,40,3): -1.7500
ROCnROLL: -1
TRIX (15,9): -0.2100
Courbe Coppock: 16.08
MA7: 44.19
MA20: 45.70
MA50: 45.59
MA100: 46.79
MAexp7: 44.52
MAexp20: 45.19
MAexp50: 45.86
MAexp100: 46.31
Price / MA7: +2.44%
Price / MA20: -0.94%
Price / MA50: -0.70%
Price / MA100: -3.25%
Price / MAexp7: +1.68%
Price / MAexp20: +0.18%
Price / MAexp50: -1.29%
Price / MAexp100: -2.25%

This member declared not having a position on this financial instrument or a related financial instrument.

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