WB NEWS why is Weibo Corporation price falling or rising

WB NEWS reasons for why stock price of Weibo Corporation is falling or rising

WB Weibo Corporation is falling or rising technical reasons

Technical analysis forecast for Weibo Corporation Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Weibo Corporation WB at this time. Stock is falling and might fall more.

It appears as if Weibo Corporation WB gave a large move recently.

Stock of Weibo Corporation (WB) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Weibo Corporation is bearish for shortterm, and stock might move down till 7.8 or till 7. Use a stoploss of 8.42 and if the stock hits stoploss, then it can shoot up till 9.08

WB Weibo Corporation is falling or rising NEWS fundamental reasons

More announcements and NEWS

WB Weibo Corporation current price & indicator signals

Moving Averages for Weibo Corporation

  • 5Day Average: 7.99
  • 12Day Average: 8.17
  • 20Day Average: 8.59
  • 50Day Average: 8.95
  • 100Day Average: 9.17
  • 150Day Average: 10.08
  • 200Day Average: 10.9

WB Indicators & signals

Indicator MACD (12,26,9)

8.21, 8.53, -0.29
Indicator MACD is in negative zone

Indicator ADX (14)

0, 16.67, 16.67
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 37
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of WB Weibo Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Apr 2024 8.13 7.97 to 8.22 0.49% 0.47 times
22 Mon Apr 2024 8.09 7.84 to 8.12 2.41% 0.6 times
19 Fri Apr 2024 7.90 7.84 to 8.14 -1.99% 0.93 times
18 Thu Apr 2024 8.06 7.80 to 8.11 3.73% 0.86 times
17 Wed Apr 2024 7.77 7.73 to 7.97 0.91% 0.39 times
16 Tue Apr 2024 7.70 7.59 to 7.81 0.26% 0.86 times
15 Mon Apr 2024 7.68 7.58 to 8.00 0.66% 1.21 times
12 Fri Apr 2024 7.63 7.60 to 8.12 -6.95% 1.18 times
11 Thu Apr 2024 8.20 8.00 to 8.41 -8.28% 0.77 times
10 Wed Apr 2024 8.94 8.80 to 9.26 -1.76% 1.66 times
09 Tue Apr 2024 9.10 8.86 to 9.18 3.64% 1.54 times
08 Mon Apr 2024 8.78 8.76 to 9.01 0% 0.83 times

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WB NEWS why is Weibo Corporation price falling or rising

 

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