Technical Analysis for WEN - Wentworth Resources Plc

Grade Last Price % Change Price Change
A 30.00 -3.23% -1.00
WEN closed up 1.64 percent on Thursday, March 23, 2023, on 21 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
Earnings due: Apr 4
*** please verify all earnings dates ***

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish -3.23%
Hammer Candlestick Bullish -3.23%
Lizard Bullish Bullish Day Trade Setup -3.23%
Cup with Handle Other -3.23%
Doji - Bullish? Reversal -3.23%
Gapped Up Strength -3.23%
Lower Bollinger Band Touch Weakness -3.23%
50 DMA Resistance Bearish -1.64%
Cup with Handle Other -1.64%
Gapped Up Strength -1.64%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
10 DMA Resistance about 3 hours ago
Down 3% about 6 hours ago
Down 2% about 6 hours ago
Down 1% about 6 hours ago
Down 1 ATR about 6 hours ago

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Profile

Wentworth Resources Plc Description

Wentworth Resources Limited is an energy company with gas reserves and exploration potential in the Rovuma Basin of southern Tanzania and northern Mozambique. The Company has Rovuma Basin portfolio with producing natural gas reserves and prospective natural gas resources; gas processing and pipeline assets; multiple large-scale gas monetization projects in development, and ongoing exploration evaluation and development drilling programs. The Rovuma Onshore Block in northern Mozambique is onshore and forms part of the Rovuma Basin. Its principal assets are the Mnazi Bay Concession in Tanzania and the Rovuma Onshore Block in Mozambique. Its gas monetization projects include New Mtwara 400 megawatts (MW) Gas-Fired Power Plant and Mnazi Bay Petrochemicals Project. It has participation interest in Mnazi Bay License, which includes a surface area of over 760 square kilometers. Its wells in Mnazi Bay Concession include MS-1X, MB-2, MB-3, MB-4 and MB-1.


Classification

Keywords: Energy Gas Chemical Natural Gas Pipe Chemicals Concession Evaluation Tanzania Drill Drilling Mozambique 1x Petrochemical D Pipeline Gas Reserves H Gas Gas Processing Natural Gas Resources

Is WEN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 33.0
52 Week Low 19.1
Average Volume 413,111
200-Day Moving Average 26.61
50-Day Moving Average 30.69
20-Day Moving Average 31.31
10-Day Moving Average 31.15
Average True Range 0.94
RSI 50.98
ADX 30.39
+DI 13.36
-DI 11.09
Chandelier Exit (Long, 3 ATRs) 29.19
Chandelier Exit (Short, 3 ATRs) 30.41
Upper Bollinger Bands 31.95
Lower Bollinger Band 30.66
Percent B (%b) 0.26
BandWidth 4.11
MACD Line 0.08
MACD Signal Line 0.20
MACD Histogram -0.1145
Fundamentals Value
Market Cap 57.81 Million
Num Shares 186 Million
EPS 1.60
Price-to-Earnings (P/E) Ratio 19.38
Price-to-Sales 2.37
Price-to-Book 0.43
Dividend 0.01
Dividend Yield 0.03%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 32.50
Resistance 3 (R3) 32.33 31.67 32.25
Resistance 2 (R2) 31.67 31.28 31.75 32.17
Resistance 1 (R1) 31.33 31.05 31.50 31.50 32.08
Pivot Point 30.67 30.67 30.75 30.75 30.67
Support 1 (S1) 30.33 30.28 30.50 30.50 29.92
Support 2 (S2) 29.67 30.05 29.75 29.83
Support 3 (S3) 29.33 29.67 29.75
Support 4 (S4) 29.50