WEIBO Corp (WB): Price Now Near $55.99; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for WB

At the moment, WB (Get Ratings)’s price is up $0.11 (0.21%) from the hour prior. This is the 2nd hour in a row WB has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Business Services stocks, WB ranks 118th in regards to today’s price percentage change.

WB’s Technical Outlook on the Daily Chart

Currently, WB’s price is up $0.2 (0.36%) from the day prior. This is the 3rd day in a row WB has seen its price head up. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. WEIBO Corp’s price action over the past 90 days can be seen via the chart below.

WB

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WB: Daily RSI Analysis

  • For WB, its RSI is now at 100.
  • WB and RSI may be exhibiting divergent trends. This may be something to monitor.

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