Technical Analysis for WB - Weibo Corporation

Grade Last Price % Change Price Change
D 8.80 4.39% 0.37
WB closed up 4.39 percent on Friday, April 26, 2024, on approximately normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
Stochastic Reached Overbought Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Gapped Down Weakness 4.39%
Crossed Above 50 DMA Bullish 3.17%
Gapped Up Strength 3.17%
Up 3 Days in a Row Strength 3.17%

   Recent Intraday Alerts

Alert Time
Gapped Up (Full) about 22 hours ago
Rose Above Previous Day's High about 22 hours ago
Rose Above Upper Bollinger Band about 22 hours ago
Up 5% about 22 hours ago
Up 3% about 22 hours ago

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Profile

Weibo Corporation Description

Weibo Corporation operates as a social media platform for people to create, distribute, and discover Chinese-based content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services, and Other Services. The company offers self-expression products that enable users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products, which allows users to discover content on its platform; notifications that enables users to be notified of Weibo account activities through SMS or push notification on their device; third-party online games, including role playing games, card games, strategy games, and real life simulation games; and additional functions through VIP memberships. It also develops mobile apps, such as Weibo Headlines, which aggregates news and information, and delivers them in an information feed format; Weibo Weather, a weather app; and WeiDisk, a cloud-based app for mobile devices and personal computers that allows users to store and share documents, photos, and other files. In addition, the company provides advertising and marketing solutions, including social display ads and promoted marketing products, which enable large companies, small-and-medium enterprises, and individuals to promote their brands and conduct marketing activities. Further, it offers products that allow platform partners to link their Websites and mobile apps to its platform, enabling their users to share content to Weibo; app, page app, and enterprise application programming interfaces, which allows third-party developers to build apps to serve individual and organization users; and Weibo Credit that allows its users to purchase in-game virtual items and other types of fee-based services on Weibo, and platform partners to receive payment. Weibo Corporation was founded in 2009 and is headquartered in Beijing, China. Weibo Corporation is a subsidiary of SINA Corporation.


Classification

Sector: Technology
Industry: Internet Content & Information
Keywords: Mobile Devices Games Digital Media Social Media SMS Online Game Application Programming Interface Media Platform Social Networking Services Internet In China Social Media Platform Microblogging

Is WB 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 15.1049
52 Week Low 7.1209
Average Volume 2,329,534
200-Day Moving Average 9.96
50-Day Moving Average 8.28
20-Day Moving Average 8.16
10-Day Moving Average 8.11
Average True Range 0.37
RSI (14) 60.32
ADX 12.8
+DI 27.00
-DI 12.90
Chandelier Exit (Long, 3 ATRs) 7.86
Chandelier Exit (Short, 3 ATRs) 8.70
Upper Bollinger Bands 8.82
Lower Bollinger Band 7.50
Percent B (%b) 0.99
BandWidth 16.12
MACD Line 0.04
MACD Signal Line -0.05
MACD Histogram 0.0901
Fundamentals Value
Market Cap 2.13 Billion
Num Shares 242 Million
EPS 1.69
Price-to-Earnings (P/E) Ratio 5.21
Price-to-Sales 1.27
Price-to-Book 0.67
PEG Ratio 0.62
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.19
Resistance 3 (R3) 9.20 9.09 9.12
Resistance 2 (R2) 9.09 8.99 9.08 9.10
Resistance 1 (R1) 8.95 8.93 9.02 8.93 9.08
Pivot Point 8.83 8.83 8.87 8.82 8.83
Support 1 (S1) 8.69 8.73 8.76 8.67 8.52
Support 2 (S2) 8.58 8.67 8.57 8.50
Support 3 (S3) 8.43 8.58 8.48
Support 4 (S4) 8.41