WEEBIT NANO LTD

- AUD (-)

- End-of-day data - Australia Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	WBT
ISIN:	AU000000WBT5

WEEBIT NANO LTD - Daily - Technical analysis published on 08/02/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 5.700 AUD

My targets

5.050 AUD (-9.98%)

4.590 AUD (-18.18%)

My analysis

The bearish basic trend is very strong on WEEBIT NANO LTD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 5.700 AUD. Crossing the first support at 5.050 AUD would be a sign of a further potential price plummet. Sellers would then use the next support located at 4.590 AUD as an objective. Crossing it would then enable sellers to target 3.910 AUD. Caution, a return to above the resistance located at 5.700 AUD would be a sign of a possible consolidation phase of the short-term basic trend. 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.2

Comment on the analysis

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 Ferret. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WEEBIT NANO LTD price is 5.610 AUD. The price registered a decrease of -9.52% on the session and was traded between 5.485 AUD and 6.450 AUD over the period. The price is currently at +2.28% from its lowest and -13.02% from its highest.

5.485

6.450

5.610

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by WEEBIT NANO LTD:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of WEEBIT NANO LTD in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.040	3.910	4.590	5.610	6.210	6.880	7.644
Change (%)	-45.81%	-30.30%	-18.18%	-	+10.70%	+22.64%	+36.26%
Change	-2.570	-1.700	-1.020	-	+0.600	+1.270	+2.034
Level	Intermediate	Minor	Major	-	Minor	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.282	4.883	5.247	5.848	6.212	6.813	7.177
Camarilla	5.345	5.433	5.522	5.610	5.699	5.787	5.875
Woodie	4.163	4.824	5.128	5.789	6.093	6.754	7.058
Fibonacci	4.883	5.252	5.480	5.848	6.217	6.445	6.813

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.320	5.510	5.850	6.040	6.380	6.570	6.910
Camarilla	6.044	6.093	6.141	6.190	6.239	6.287	6.336
Woodie	5.395	5.548	5.925	6.078	6.455	6.608	6.985
Fibonacci	5.510	5.713	5.838	6.040	6.243	6.368	6.570

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.250	3.900	5.050	5.700	6.850	7.500	8.650
Camarilla	5.705	5.870	6.035	6.200	6.365	6.530	6.695
Woodie	3.500	4.025	5.300	5.825	7.100	7.625	8.900
Fibonacci	3.900	4.588	5.012	5.700	6.388	6.812	7.500

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):	44.93
MACD (12,26,9):	-0.0060
Directional Movement:	-7.174
AROON (14):	100.000
DEMA (21):	5.844
Parabolic SAR (0,02-0,02-0,2):	5.174
Elder Ray (13):	0.079
Super Trend (3,10):	6.434
Zig ZAG (10):	5.610
VORTEX (21):	1.0740
Stochastique (14,3,5):	70.05
TEMA (21):	5.921
Williams %R (14):	-65.63
Chande Momentum Oscillator (20):	-0.270
Repulse (5,40,3):	-13.8490
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	22.87

MA7:	5.936
MA20:	5.726
MA50:	6.040
MA100:	6.086
MAexp7:	5.920
MAexp20:	5.884
MAexp50:	5.957
MAexp100:	5.807
Price / MA7:	-5.49%
Price / MA20:	-2.03%
Price / MA50:	-7.12%
Price / MA100:	-7.82%
Price / MAexp7:	-5.24%
Price / MAexp20:	-4.66%
Price / MAexp50:	-5.83%
Price / MAexp100:	-3.39%

Quotes : - End-of-day data - Australia Stocks

News

The latest news and videos published on WEEBIT NANO LTD at the time of the analysis were as follows:

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

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