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WEI NEWS why is Weidai Ltd. price falling or rising

WEI NEWS reasons for why stock price of Weidai Ltd. is falling or rising

WEI Weidai is falling or rising technical reasons

Technical analysis forecast for Weidai 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 Weidai WEI at this time. Stock is falling and might fall more.

It appears as if Weidai WEI gave a large move recently.

Stock of Weidai (WEI) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Weidai is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Weidai stays below 1, but if it comes above 1, then a intra day buy could be more profitable.
If you take a sell trade below 1, then use 1 as stoploss and 0.9 as target. However if you take a buy trade in Weidai, then use 1 as stoploss and 1.04 as target.

WEI Weidai is falling or rising NEWS fundamental reasons

More announcements and NEWS

WEI Weidai Ltd. current price & indicator signals

Moving Averages for Weidai Ltd.

  • 5Day Average: 0.97
  • 12Day Average: 1.03
  • 20Day Average: 1.04
  • 50Day Average: 1.15
  • 100Day Average: 1.23
  • 150Day Average: 1.11
  • 200Day Average: 1.05

WEI Indicators & signals

Indicator MACD (12,26,9)

1, 1.07, -0.08
Indicator MACD is in negative zone

Indicator ADX (14)

0, 46.67, 46.67
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of WEI Weidai Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
16 Mon May 2022 0.96 0.84 to 0.96 3.23% 0.41 times
13 Fri May 2022 0.93 0.75 to 1.08 12.05% 1.92 times
12 Thu May 2022 0.83 0.71 to 0.98 -23.15% 3.9 times
11 Wed May 2022 1.08 0.98 to 1.08 0.93% 0.76 times
10 Tue May 2022 1.07 1.03 to 1.10 4.9% 0.38 times
09 Mon May 2022 1.02 0.99 to 1.13 -5.56% 0.64 times
06 Fri May 2022 1.08 0.99 to 1.08 0.93% 0.91 times
04 Wed May 2022 1.07 1.02 to 1.08 -0.93% 0.17 times
03 Tue May 2022 1.08 1.04 to 1.08 2.86% 0.22 times
02 Mon May 2022 1.05 1.01 to 1.07 -2.78% 0.29 times
29 Fri Apr 2022 1.08 1.04 to 1.13 -0.92% 0.81 times
28 Thu Apr 2022 1.09 1.02 to 1.10 7.92% 1.42 times

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