Londinia Opportunities Analyses - 09/26/2022 (GMT) WEWORK INC. CLASS A - 1H
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 3.04 USD
My targets
2.86 USD (-3.93%)
2.76 USD (-7.38%)
My analysis
The bearish trend is currently very strong for WEWORK INC. CLASS A. As long as the price remains below the resistance at 3.04 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.86 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.76 USD as an objective. Crossing it would then enable sellers to target 2.61 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8
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Additional analysis
Quotes
WEWORK INC. CLASS A rating 2.98 USD. On the day, this instrument lost -4.49% and was between 2.97 USD and 3.21 USD. This implies that the price is at +0.34% from its lowest and at -7.17% from its highest.2.97
3.21
2.98
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this WEWORK INC. CLASS A chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 2.98 | 3.04 | 3.91 | 4.42 |
| Change (%) | - | +2.01% | +31.21% | +48.32% |
| Change | - | +0.06 | +0.93 | +1.44 |
| Level | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.72 | 2.84 | 2.98 | 3.10 | 3.24 | 3.36 | 3.50 |
| Camarilla | 3.05 | 3.07 | 3.10 | 3.12 | 3.14 | 3.17 | 3.19 |
| Woodie | 2.73 | 2.85 | 2.99 | 3.11 | 3.25 | 3.37 | 3.51 |
| Fibonacci | 2.84 | 2.94 | 3.00 | 3.10 | 3.20 | 3.26 | 3.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.25 | 2.61 | 2.86 | 3.22 | 3.47 | 3.83 | 4.08 |
| Camarilla | 2.95 | 3.01 | 3.06 | 3.12 | 3.18 | 3.23 | 3.29 |
| Woodie | 2.21 | 2.58 | 2.82 | 3.19 | 3.43 | 3.80 | 4.04 |
| Fibonacci | 2.61 | 2.84 | 2.98 | 3.22 | 3.45 | 3.59 | 3.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.51 | 2.76 | 3.43 | 4.68 | 5.35 | 6.60 | 7.27 |
| Camarilla | 3.57 | 3.75 | 3.92 | 4.10 | 4.28 | 4.45 | 4.63 |
| Woodie | 1.22 | 2.62 | 3.14 | 4.54 | 5.06 | 6.46 | 6.98 |
| Fibonacci | 2.76 | 3.49 | 3.95 | 4.68 | 5.41 | 5.87 | 6.60 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 37.25 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -14.26 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 3.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.20 | |
| Elder Ray (13): | -0.13 | |
| Super Trend (3,10): | 3.32 | |
| Zig ZAG (10): | 2.98 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 14.50 | |
| TEMA (21): | 3.02 | |
| Williams %R (14): | -93.24 | |
| Chande Momentum Oscillator (20): | -0.27 | |
| Repulse (5,40,3): | -2.8800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4300 | |
| Courbe Coppock: | 13.37 |
| MA7: | 3.32 | |
| MA20: | 3.80 | |
| MA50: | 4.49 | |
| MA100: | 5.29 | |
| MAexp7: | 3.06 | |
| MAexp20: | 3.17 | |
| MAexp50: | 3.37 | |
| MAexp100: | 3.64 | |
| Price / MA7: | -10.24% | |
| Price / MA20: | -21.58% | |
| Price / MA50: | -33.63% | |
| Price / MA100: | -43.67% | |
| Price / MAexp7: | -2.61% | |
| Price / MAexp20: | -5.99% | |
| Price / MAexp50: | -11.57% | |
| Price / MAexp100: | -18.13% |
Quotes :
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15 min delayed data
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