INFOSYS LTD-SP ADR (INFY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:INFY - US4567881085 - ADR
Overall INFY gets a technical rating of 7 out of 10. Although INFY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
INFY has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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15.82
We found 3 important support areas.
- A support zone ranging from 17.80 to 18.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @16.42 from a horizontal line in the daily time frame.
- A support zone ranging from 15.98 to 16.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @18.83 from a horizontal line in the daily time frame.
- A resistance zone ranging from 20.22 to 20.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for INFY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INFY is up. |
| ChartMill Relative Strength | 32.74 | NEUTRAL | INFY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INFY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INFY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of INFY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.96 | NEUTRAL | The RSI value for INFY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests INFY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 14.55 | OVERSOLD | The low Stochastics value suggests INFY may be oversold. |
| Average True Range in percent/ATR (20) | 5.21 | HIGH VOLATILITY | The high ATR as a percentage value for INFY suggests high volalility. |
| Average Directional Index/ADX (14) | 37.62 | POSITIVE | The high ADX value value for INFY suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.84 | 17.79 | 1.05 (5.57%) | 17.94% |
| An entry @18.84. This is a Buy Stop order right above the resistance zone. | An exit @17.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.05 points, which is 5.57%. | For a 1.00% total portfolio risk, you can invest 17.94% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of INFY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
18.67
+0.1 (+0.54%)
INFOSYS LTD-SP ADR / INFY FAQ
Can you provide the ChartMill technical rating for INFOSYS LTD-SP ADR?
ChartMill assigns a technical rating of 7 / 10 to INFY.
What is the current trend direction of INFOSYS LTD-SP ADR (INFY) stock?
The current trend direction for INFOSYS LTD-SP ADR (INFY) is Bullish.
Can you provide the RSI signal for INFOSYS LTD-SP ADR?
INFOSYS LTD-SP ADR (INFY) has an RSI value of 55.957. This indicates that the stock is currently neutral.
What is the short term momentum for INFOSYS LTD-SP ADR (INFY) stock?
The short term momentum for INFOSYS LTD-SP ADR (INFY) is positive.
Can you provide the support and resistance levels for INFOSYS LTD-SP ADR?
INFOSYS LTD-SP ADR (INFY) has a support level at 18.06 and a resistance level at 18.83. Check the full technical report for our detailed analysis of INFY support and resistance levels.