Taking a Closer Look At Meiwu Technology Company Limited (WNW) Following Its Recent Trade


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Price Performance Review of WNW

On Tuesday, Meiwu Technology Company Limited [NASDAQ:WNW] saw its stock jump 10.27% to $0.25. On the same session, the stock had its day’s lowest price of $0.232, but rose to a high of $0.2599. Over the last five days, the stock has lost -0.40%. Meiwu Technology Company Limited shares have risen nearly 30.37% since the year began. Nevertheless, the stocks have fallen -85.93% over the past one year. While a 52-week high of $3.27 was reached on 01/05/23, a 52-week low of $0.18 was recorded on 01/03/23. SMA at 50 days reached $0.9261, while 200 days put it at $0.8089.

Levels Of Support And Resistance For WNW Stock

The 24-hour chart illustrates a support level at 0.2340, which if violated will result in even more drops to 0.2191. On the upside, there is a resistance level at 0.2619. A further resistance level may holdings at 0.2749. The Relative Strength Index (RSI) on the 14-day chart is 37.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0019, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.28%. Stochastics %K at 54.41% indicates the stock is a holding.

How much short interest is there in Meiwu Technology Company Limited?

A steep rise in short interest was recorded in Meiwu Technology Company Limited stocks on Oct 13, 2022, growing by 0.65 million shares to a total of 0.77 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 0.11 million shares. There was a rise of 85.19%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.60% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.03.

Meiwu Technology Company Limited [WNW] – Who Are The Largest Shareholders?

In filings from Renaissance Technologies LLC, it is revealed that the company now owns 83,300 shares, or roughly 0.17% of the outstanding WNW shares. In other words, the investor’s shares have risen by 400 from its previous 13-F filing of 82900.0. Over the last quarter, UBS Securities LLC purchased 19,110 shares of Meiwu Technology Company Limited, while Citadel Securities LLC bought -19,819 shares. At present, G1 Execution Services LLC is holding 0 shares valued at $0.0. BofA Securities, Inc. owned 1 shares of the company at the time of its most recent 13F filing, worth $0.0.

However, 0 analysts have rated WNW stock as a – in their predictions for 2023.


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