Washington Prime Group Inc (WPG): Price Now Near $0.84; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for WPG

At the moment, WPG (Get Ratings)’s price is down $-0.01 (-1.09%) from the hour prior. The hourly chart shows that WPG has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

WPG ranks 134th in terms of today’s price percentage change out of Trading stocks.

WPG’s Technical Outlook on the Daily Chart

At the moment, WPG’s price is down $0 (-0.1%) from the day prior. WPG has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows WPG’s price action over the past 90 days.

WPG

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WPG: Daily RSI Analysis

  • WPG’s RSI now stands at -0.00000000000040335.
  • WPG and RSI may be exhibiting divergent trends. This may be something to monitor.

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