Westport Fuel Systems Inc (WPRT): Price Now Near $2.54; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for WPRT

At the moment, WPRT (Get Ratings)’s price is down $-0.02 (-0.59%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as WPRT has now gone down 5 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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.

WPRT ranks 23rd in terms of today’s price percentage change out of Machinery stocks.

WPRT’s Technical Outlook on the Daily Chart

Currently, WPRT’s price is down $-0.01 (-0.59%) from the day prior. This is the 2nd day in a row WPRT has seen its price head down. Regarding the trend, note that the strongest trend 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. Westport Fuel Systems Inc’s price action over the past 90 days can be seen via the chart below.

WPRT

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WPRT: Daily RSI Analysis

  • WPRT’s RSI now stands at 40.
  • WPRT and RSI may be exhibiting divergent trends. This may be something to monitor.

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