Technical Analysis for WETH - Wetouch Technology Inc

Grade Last Price % Change Price Change
F 2.1701 -13.20% -0.3299
WETH closed down 13.2 percent on Friday, June 18, 2021, on 34 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong N/A Down Down
Historical WETH trend table...

Date Alert Name Type % Chg
1,2,3 Retracement Bearish Bearish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Stochastic Reached Oversold Weakness 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
1,2,3 Retracement Bearish Bearish Swing Setup -13.20%
180 Bearish Setup Bearish Swing Setup -13.20%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -13.20%
Slingshot Bearish Bearish Swing Setup -13.20%
Older End-of-Day Signals for WETH ...

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Profile

Wetouch Technology Inc Description

Wetouch Technology Inc. engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens. Its product portfolio comprises medium to large sized projected capacitive touchscreens, which range from 7.0 inch to 42 inch screens. The company offers Glass-Glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; Glass-Film-Film, which are primarily used in high-end GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; Plastic-Glass, which are used in GPS/entertainment panels motor vehicle GPS, smart home, robots, and charging stations; and Glass-Film that are used in industrial HMI. Its products are also used in automotive, medical, and other specialized industries; and ATM and other financial machines, and ticket machines and kiosks. Wetouch Technology Inc. sells its products primarily in China, South Korea, Taiwan, Spain, and Germany. The company was founded in 2020 and is based in Meishan, China.


Classification

Sector: Real Estate
Industry: Real Estate Services
Keywords: Banking Technology Marketing GPS Machines Interactive Kiosk User Interface User Interface Techniques Touchscreen

Is WETH a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 5.5
52 Week Low 1.11
Average Volume 2,228
200-Day Moving Average 0.0000
50-Day Moving Average 3.7806
20-Day Moving Average 3.0520
10-Day Moving Average 2.6190
Average True Range 0.4425
ADX 58.71
+DI 12.7391
-DI 50.4125
Chandelier Exit (Long, 3 ATRs) 2.8225
Chandelier Exit (Short, 3 ATRs) 3.4275
Upper Bollinger Bands 4.1881
Lower Bollinger Band 1.9159
Percent B (%b) 0.11
BandWidth 74.4495
MACD Line -0.4007
MACD Signal Line -0.3656
MACD Histogram -0.0351
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.4151
Resistance 3 (R3) 3.5534 3.2767 3.2076
Resistance 2 (R2) 3.2767 2.9596 3.2076 3.1384
Resistance 1 (R1) 2.7234 2.7638 2.5851 2.5851 3.0692
Pivot Point 2.4467 2.4467 2.3775 2.3776 2.4467
Support 1 (S1) 1.8934 2.1296 1.7551 1.7551 1.2710
Support 2 (S2) 1.6167 1.9338 1.5476 1.2018
Support 3 (S3) 1.0634 1.6167 1.1326
Support 4 (S4) 0.9251