Today WYY ranks # as HOLD CANDIDATE.
Today WYY ranks # as HOLD CANDIDATE.

WYY stock WidePoint Corp

WYY stock
WidePoint Corp

22 January 2019
Change 0.74%
Chart period: 2018-10-23 - 2019-01-22
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy
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WidePoint Corp Stock Analysis

Technical stock analysis for 22 January 2019

Hold candidate since 2019-01-22
Shorts 0.76% ( 2018-12-31 )
Cash n/a
Loans n/a
Beta 1.62
ROA -4.08

WidePoint Corp gained 0.74% in the last trading day, rising from $0.45 to $0.45 The price has risen in 6 of the last 10 days and is up by 4.65% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 43 510 more shares were traded than the day before. In total, 107 708 shares bought and sold for approximately $48 468.60.

Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the WYY stock was $0.45. This is 0.74% more than the trading day before Friday, 18th Jan 2019.

During day the stock fluctuated 6.79% from a day low at $0.44 to a day high of $0.47.

30 day high of the WYY stock price was $0.47 and low was $0.40.
90 day high was $0.54 and low was $0.40.
52 week high for the WidePoint Corp - $0.66 and low - $0.40.

Trend

WidePoint Corp lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.46 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.26% during the next 3 months and, with 90% probability hold a price between $0.31 and $0.38 at the end of this period.

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Signals

WidePoint Corp holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $0.44 and $0.44. A break down below any of these levels will issue sell signals. WidePoint Corp has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday January 17, 2019, which indicates further falls until a new bottom pivot has been found.

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A sell signal from a double top formation was found on Thursday January 17, 2019 and based on theory for this formation the price should fall by -0.03% to $0.42 within 4 trading days since signal was issued (Thursday January 24, 2019).

Relative Strength Index (RSI)

RSI14 is 64 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

WidePoint Corp finds support from accumulated volume at $0.44.

Support: $0.44 Price: $0.45 Resistance: $0.49

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.03 (6.79%) between high and low. For the last week, the stock has had a daily average volatility of 6.12%.

Our recommended stoploss: $0.43 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

WidePoint Corp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Today WYY ranks # as HOLD CANDIDATE.
Today WYY ranks # as HOLD CANDIDATE.