WETH Should I Buy

WETH is not a good buy right now. Despite a bullish longer-term moving-average stack (SMA_5 > SMA_20 > SMA_200), today’s sharp regular-session drop (-8.47%) plus weakening profitability (gross margin and EPS down YoY) and no supportive catalysts/signals make the risk/reward unattractive for an impatient buyer. I would hold/avoid initiating a new position until price reclaims resistance near ~1.91 with stronger momentum.

Trend/Momentum: Longer-term trend reads constructive because moving averages are bullish (SMA_5 > SMA_20 > SMA_200). However, near-term momentum is not strong: RSI(6) ~35.97 is weak/near oversold but not giving a clean reversal signal, and MACD histogram is slightly above 0 (0.00252) but positively contracting—suggesting bullish momentum is fading rather than accelerating. Price action: Regular session sold off hard (-8.47%) but post-market bounced (+9.88%), indicating high volatility and dip-buying attempts rather than confirmed trend continuation. Key levels: Pivot ~1.775. Support: S1 ~1.637 (then S2 ~1.552). Resistance: R1 ~1.912 (then R2 ~1.997). For a clean momentum entry, reclaiming/holding above ~1.91 is important; failing that, downside tests toward ~1.64 remain plausible.

Intellectia Proprietary Trading Signals:

• AI Stock Picker: no signal on given stock today.
• SwingMax: No signal on given stock recently.

Pattern-based short-horizon odds (provided): ~50% chance of ~-0.1% next day; +2.38% next week; +4.99% next month—modestly positive beyond the next day, but not strong enough to override the lack of confirmed momentum and recent volatility.