The Hourly View for WWW
At the moment, WWW (Get Ratings)’s price is down $-0.15 (-0.46%) from the hour prior. WWW has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 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.
Out of Apparel stocks, WWW ranks 12th in regards to today’s price percentage change.
WWW’s Technical Outlook on the Daily Chart
Currently, WWW’s price is down $-0.35 (-1.05%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as WWW has now gone down 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily 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. Wolverine World Wide Inc’s price action over the past 90 days can be seen via the chart below.
WWW: Daily RSI Analysis
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