Is wbuy positive or negative now

Webuy Global Ltd (WBUY) is currently exhibiting positive signs. Here's the analysis:

1. Recent Financial Performance:
   • Webuy Global Ltd has reported a significant increase in gross profit, jumping 253% to $2.6 million, indicating strong operational efficiency and profitability.
   • The company has also recorded a quarter-over-quarter increase in sales of 26.24%, which is a positive indicator for future performance.
2. Market Response to Financial Updates:
   • Following the announcement of a year-over-year increase in interim H1 revenue results, WBUY shares surged by 97%.
   • The stock was also up 17% in premarket trade after the announcement of the gross profit increase.
3. Technical Indicators:
   • The MACD for WBUY is at 0.01, which could indicate a potential upward trend in the stock's momentum.
   • The WR for WBUY is at 63.64, which is typically considered an oversold condition and can precede a price rebound.
   • The RSI for WBUY is at 46.36, which is close to the oversold threshold of 30, suggesting that the stock may be undervalued and could experience a bounce-back.
4. Comparative Analysis with Peers:
   • While a direct comparison with Lavoro (LVRO) suggests that LVRO may have a higher probable upside, the recent positive performance of WBUY based on its own indicators and market response to news updates indicates a potential for continued growth.

In conclusion, the recent financial updates and technical indicators suggest that WBUY is currently positive. However, it's important to consider that stock performance is subject to market conditions and investor sentiment, which can change rapidly.