Summary

• Meiwu Technology (WNW) has shown significant price and volume growth, gaining 288.24% since the Trend Seeker buy signal on 11/15.

• The company operates in China, offering CPaaS, clean food platforms, and restaurant services, with a focus on organic and pollution-free products.

• Barchart's technical indicators show 100% buy signals, a Weighted Alpha of 234.58+, and the stock is above its 20, 50, and 100-day moving averages.

• Despite no Wall Street coverage, MorningStar rates it 32% undervalued; investors should follow disciplined diversification and stop-loss strategies due to volatility.

Author's Note:  I normally do not feature small cap stocks but notice on the chart how price and volume is really taking off

The Chart of the Day belongs to the Chinese internet retailer Meiwu Technology (WNW) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11/15 the stock gained 288.24%.

WNW Price vs Daily Moving Averages:

Meiwu Technology Company Limited operates as a communication service company in the People's Republic of China. It operates in three segments: Clean Food platform, restaurant, and others. The company provides communication platform-as-a-service (CPaaS), that allows customers to send text messages using its cloud-based platform; short messages services; and technical, maintenance, and consulting services. It also offers Clean Food platform, an electronic online platform designs to provide primarily clean food to customers; online and mobile commerce for food products, such as green food, organic food, intangible cultural heritage food, agricultural products, and pollution-free products. In addition, the company engages in the provision of restaurant services and food sales; sells drinks and alcohol; and purchase and wholesale of agricultural products. Further, it offers grains, oil, and spices; fresh fruits and vegetables; meat, poultry, and eggs; dried seafood; beverages, alcohol, and tea; groceries; and other food. It offers products through online. The company was formerly known as Wunong Net Technology Company Limited and changed its name to Meiwu Technology Company Limited in August 2021. Meiwu Technology Company Limited was founded in 2015 and is headquartered in Shenzhen, the People's Republic of China. 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 234.58+ Weighted Alpha
• 8.70% gain in the last year
• Trend Seeker buy signal
• .87 - 60 month Beta
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 195.96% in the last month
• Relative Strength Index 77.34%
• Technical support level at $2.85
• Recently traded at $3.30 with 50 day moving average of $1.35

Fundamental Factors:

• Market Cap $209 million
• Since this stock is still under the radar of Wall Street there are no Revenue or Earnings estimates

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Value Line does not rate this stock
• CFRA's MarketScope does not rate this stock
• MorningStar thinks the stock is 32% under valued
• 1,110 investors monitor the stock on Seeking Alpha

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.