Wellington (WELLING.NDX)

Close: 11 755.00 (+8.59), May 10, 2024
Negative

Liquidity risk: Volatility risk:

Overall analysis

Wellington is technically negative for the short, medium, as well as the long term.

Recommendation one to six months: Negative

Short term

Investors have accepted lower prices over time to get out of Wellington and the index is in a falling trend channel in the short term. Falling trends indicate that the market experiences negative development and falling buy interest among investors. The index gave a negative signal from the head and shoulders formation by the break down through the support at 11824. Further fall to 11480 or lower is signaled. The index has support at points 11570 and resistance at points 11800. The index is overall assessed as technically negative for the short term.

Recommendation one to six weeks: Negative

Medium term

Wellington has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index gave a negative signal from the head and shoulders formation by the break down through the support at 11824. Further fall to 11480 or lower is signaled. The index has support at points 11550 and resistance at points 11950. The index is overall assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative

Long term

Wellington shows weak development in a falling trend channel in the long term. Falling trends indicate that the market experiences negative development and falling buy interest among investors. The index is moving within a rectangle formation between support at 10800 and resistance at 12123. A decisive break through one of these levels indicates the new direction for the index. The index is approacing resistance at 12100 points, which may give a negative reaction. However, a break upwards through 12100 points will be a positive signal. The index is overall assessed as technically negative for the long term.

Recommendation one to six quarters: Negative



Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.45%0.00+0.07%
5 days0.001.40%0.00-1.53%
22 days6.403.53%3.55-1.36%
66 days7.426.95%6.44-1.36%
 


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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