Wellington (WELLING.NDX)

Close: 11 747.00 (-44.26), Jul 4, 2024
Weak Negative

Liquidity risk: Volatility risk:

Overall analysis

Wellington is technically negative for the short and long term, and neutral for the medium term.

Recommendation one to six months: Weak Negative

Short term

Wellington is in a falling trend channel in the short term. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. An inverse head and shoulders formation is under development. A decisive break of the resistance at 11823, ideally with an increase in volume, signals a further rise. The index has support at points 11630 and resistance at points 11800. The RSI curve shows a falling trend, which supports the negative trend. The index is overall assessed as technically negative for the short term.

Recommendation one to six weeks: Negative

Medium term

Wellington is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. An inverse head and shoulders formation is under development. A decisive break of the resistance at 11823, ideally with an increase in volume, signals a further rise. The index has support at points 11550 and resistance at points 11950. The index is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold

Long term

Wellington is in a falling trend channel in the long term. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. The index is moving within a rectangle formation between support at 10814 and resistance at 12142. A decisive break through one of these levels indicates the new direction for the index. The index is between support at points 11600 and resistance at points 12100. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically slightly negative for the long term.

Recommendation one to six quarters: Weak Negative



Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.44%0.00-0.38%
5 days-6.241.36%9.24-0.75%
22 days15.893.41%8.32+0.12%
66 days17.556.49%5.81+0.16%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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