WEI Stock: China’s Largest Automotive Finance Solution Provider
WEI stock price today is 1.5000 USD with a volume of 4,153,652. At the same time, its chart fluctuates between 1.3900 – 1.6551 USD. WEI stock price was a maximum of 5.4900 USD and a minimum of 0.7300 USD within 52 weeks. Its average volume is 3,253,796 and it is ranked 105.692M in the MarketCap listings. The target point of WEI stock price at the end of 1 year is not clear yet.
WEI stock price fell 7.98% from $1.63 to $1.50 on the last day. The stock has been in a downtrend for the last 3 days. During the day, the stock fluctuated 19.07%, rising from the day’s low of $1.39 to the day’s high of $1.66. The price fluctuates up and down during this period. We have observed a total of 48.51% gain in the last 2 weeks.
Volume followed the price with a drop on the last trading day. It is a good technical analysis result for volume to follow price performance. The risk drops and there is no move that carries the risk of early warning. On the last day, trading volume saw a drop of 10 million shares. In total, 4 million shares were traded for approximately $6.23 million.
This stock is in a very broad and horizontal trend. As long as it stays in this trend, we can see more fluctuations in the stock. Considering the current sideways trend, WEI stock could have a trading price of between $0.93 and $1.79 at the end of this 3-month period. Breaking a sideways trend brings with it an increase in volume. That’s why stocks that are rising in a sideways trend can be a potential investment.
Weidai Ltd is an employer working in China. The employer gives auto-sponsored financing answers via its subsidiaries. Thanks to the auto-sponsored financing platform, creditors are broadly speaking small and micro-enterprise owners, online buyers and company finance companions without difficulty converge. They established the company, which is headquartered in Hangzhou, China, in 2011.
Weidai focuses on providing easy and accessible loans to small and micro business owners. It is also the first company in China to offer auto-backed financing products. Weidai has an advanced and effective risk management system that covers the entire transaction process. Seamlessly integrated with the company’s systems, its extensive offline network ensures a fast and highly automated transaction process. Weidai offers the best of its products and services to both borrowers and investors.
Analysis of WEI stock
WEI stock has a buy signal in both short and long-term trades, which gives a positive forecast for the stock. Also, the short-term moving averages are above the long-term moving averages. Therefore, there is a general buy signal from the relationship between the two signals.
On the downside corrections for this stock, there could be some support near the $1.39 and $1.12 levels. A breakdown below any of these levels will allow us to observe sell signals. It also has a buy signal at the 3-month Moving Average Convergence Divergence.
We have received some negative signals as well as positive signals for WEI stock. These negative signals may have some impact on the near short-term development. We observed a sell signal from the pivot apex on June 30, 2021. On top of that, it has dropped 16.20% so far. We may see further declines until we get a new low pivot.
Volume fell on the last trading day, following the price performance. It is a good technical analysis when volume and price move together. If volume and price move in opposite directions, the risk increases, and this can act as an early warning.
How Should We Act?
WEI stock finds support at $1.45 from accumulated volume below its current position. This level could be a buying opportunity as we expect an upside reaction as support is tested. This stock can experience a lot of fluctuation during the day. With a very wide forecast range in the Bollinger Band, this stock is a very risky investment.
During the last day, the stock has fluctuated between the maximum and minimum of $0.27 and 19.07%. Last week, the stock’s daily volatility was 33.70%. The stop-loss that analysts recommend for this stock is $1.41. This stock has very high daily volatility. A high volatility rate increases the risk.
WEI stock appears to have a few positive signals in short-term trading. If this stock performs well in the short term, its current level can be a good buying opportunity. Our rating for this stock is Buy.
What is a Stock?
When it comes to investing in the stock market, the first form of investment that comes to mind is stocked. It is the name of the valuable documents given to the shareholders by the equity capital companies to document their shares and partnerships. In other words, it is one of the equivalent parts of a company’s capital. Stocks also represent ownership or partnership.
Stocks do not have a standard return and their value varies according to the company’s balance sheet earnings and investment decisions. It is obligatory to obtain permission from the Capital Markets Board (CMB) in order to issue the said shares. Institutions that can issue stocks are joint-stock companies, limited partnership companies whose capital is divided into shares, and institutions established by special law.
The shares of these cases are also issued under the supervision of the Capital Markets Board, which we mentioned above. Stocks, which are the most traded investment instruments of the stock market, are therefore very important for both investors and companies.
How to Buy Stocks?
In order to enter a stock buy-sell order, you must first open an investment account in a bank or brokerage house that has a CMB license and authorization. When choosing the brokerage house or bank to open an investment account, it is useful to examine the terms, commission rates and other expenses written in the investment account contract. You can complete the account opening process by entering the necessary information on the website or mobile applications of the brokerage house or bank you want to open an investment account.
In order for your account to be activated, you must go to the brokerage house and read and sign the investment contract and risk notification form. After your account is activated, you can start making stock purchase transactions by transferring the amount required to buy stocks to your stock account.