Technical Analysis for WEI - Weidai Ltd.

Grade Last Price % Change Price Change
grade F 2.2 0.92% 0.02
WEI closed up 0.92 percent on Wednesday, February 26, 2020, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical WEI trend table...

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish 0.92%
Down 3 Days in a Row Weakness 0.92%
Down 4 Days in a Row Weakness 0.92%
Fell Below 20 DMA Bearish -3.51%
180 Bearish Setup Bearish Swing Setup -3.51%

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Profile

Weidai Ltd. is a China-based company principally engaged in the provision of auto-backed financing solutions. The Company mainly provides small and micro enterprise owners with accessible credit service. Its platform connects borrowers, the majority of which are small and micro enterprise owners, with both online investors and institutional funding partners. The Company also provides other secured and unsecured loan services. The Company’s lending decisions are generally made within 30 minutes of application after information collection and automobile appraisal, and loans are generally disbursed within the same day, including weekends, delivering superior user experience.
Loans

Is WEI 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 13.63
52 Week Low 2.11
Average Volume 66,346
200-Day Moving Average 6.33
50-Day Moving Average 2.62
20-Day Moving Average 2.32
10-Day Moving Average 2.36
Average True Range 0.20
ADX 23.26
+DI 19.16
-DI 20.67
Chandelier Exit (Long, 3 ATRs ) 2.17
Chandelier Exit (Short, 3 ATRs ) 2.70
Upper Bollinger Band 2.57
Lower Bollinger Band 2.07
Percent B (%b) 0.26
BandWidth 21.88
MACD Line -0.13
MACD Signal Line -0.16
MACD Histogram 0.0285
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.31
Resistance 3 (R3) 2.31 2.27 2.29
Resistance 2 (R2) 2.27 2.24 2.27 2.29
Resistance 1 (R1) 2.23 2.22 2.25 2.24 2.28
Pivot Point 2.19 2.19 2.20 2.19 2.19
Support 1 (S1) 2.16 2.16 2.17 2.16 2.12
Support 2 (S2) 2.11 2.14 2.12 2.11
Support 3 (S3) 2.08 2.11 2.11
Support 4 (S4) 2.09