INFOSYS LTD-SP ADR (INFY) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:INFY • US4567881085
Taking everything into account, INFY scores 2 out of 10 in our technical rating. INFY performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, INFY is a bad performer in the overall market: 76% of all stocks are doing better.
- INFY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month INFY has a been trading in the 17.46 - 19.45 range, which is quite wide. It is currently trading near the lows of this range.
- INFY has an average volume of 13884800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- INFY is part of the IT Services industry. There are 88 other stocks in this industry, INFY did better than 62% of them.
Although the technical rating is bad, INFY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 17.49, a Stop Loss order could be placed below this zone.
More info and screens
15.82
2 important support areas can be observed.
- Support @17.49 from a horizontal line in the daily time frame.
- A support zone ranging from 15.98 to 16.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 17.85 to 18.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.63 to 18.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.35 from a horizontal line in the daily time frame.
- Resistance @19.86 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for INFY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INFY is down. |
| ChartMill Relative Strength | 24.86 | NEGATIVE | INFY has a low relative strength, it was outperformed by 75.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INFY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of INFY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INFY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.08 | NEUTRAL | The RSI value for INFY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests INFY has a negative trend. |
| Stochastics (14,3) | 14.74 | OVERSOLD | The low Stochastics value suggests INFY may be oversold. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for INFY suggests some volalility. |
| Average Directional Index/ADX (14) | 48.71 | POSITIVE | The high ADX value value for INFY suggests a strong trend. |
17.58
-0.17 (-0.96%)
INFOSYS LTD-SP ADR / INFY FAQ
What is the ChartMill technical rating of INFOSYS LTD-SP ADR (INFY) stock?
ChartMill assigns a technical rating of 2 / 10 to INFY.
What is the trend direction for INFY stock?
The current trend direction for INFOSYS LTD-SP ADR (INFY) is Bearish.
Can you provide the RSI signal for INFOSYS LTD-SP ADR?
INFOSYS LTD-SP ADR (INFY) has an RSI value of 43.0782. This indicates that the stock is currently neutral.
What is the MACD signal for INFY stock?
The MACD indicator for INFOSYS LTD-SP ADR (INFY) has a value of -0.0982341, indicating a bearish trend.
Can you provide the short term momentum for INFOSYS LTD-SP ADR?
The short term momentum for INFOSYS LTD-SP ADR (INFY) is negative.