INFOSYS LTD-SP ADR (INFY) Stock Technical Analysis
USA - NYSE:INFY - US4567881085 - ADR
16.23 USD
+0.08 (+0.5%)
16.24 USD
+0.01 (+0.06%)
We assign a technical rating of 0 out of 10 to INFY. INFY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
90% of all other stocks performed better in the past year than INFY.
INFY is part of the IT Services industry. There are 87 other stocks in this industry, of which 67% are performing better than INFY.
INFY is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month INFY has a been trading in the 16.03 - 17.78 range, which is quite wide. It is currently trading near the lows of this range.
INFY has an average volume of 18987800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, INFY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for INFY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.82
19.02
When analyzing the support we notice one important area.
- 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.
5 important resistance areas can be observed.
- A resistance zone ranging from 16.55 to 16.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.31 from a trend line in the daily time frame.
- Resistance @17.68 from a horizontal line in the daily time frame.
- Resistance @18.06 from a horizontal line in the daily time frame.
- A resistance zone ranging from 18.83 to 18.83. This zone is formed by a combination of multiple trend lines in the daily 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 | DOWN | NEGATIVE | The long term trend for INFY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INFY is down. |
| ChartMill Relative Strength | 10.06 | NEGATIVE | INFY has a low relative strength, it was outperformed by 89.94% 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) | DOWN | NEGATIVE | The current price of INFY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INFY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.58 | NEUTRAL | The RSI value for INFY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests INFY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.49 | OVERSOLD | The low Stochastics value suggests INFY may be oversold. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for INFY suggests some volalility. |
| Average Directional Index/ADX (14) | 25.1 | POSITIVE | The high ADX value value for INFY suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
16.23
+0.08 (+0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.5%
1 Week-1.76%
2 Weeks-4.36%
1 Month-0.92%
3 Month-14.4%
6 Month-2.11%
12 Month-28.78%
2 Year-1.16%
3 Year-13.35%
5 Year13.74%
10 Year78.74%
15 Year92.53%
Volatility
ATR(14)0.39
ATR(20)%2.35%
ATR Inc-23.84%
Range Today0.18
ADR(20)0.35
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.06
Mansfield-2.52
10 Day High17.18
10 Day Low16.03
20 Day High17.78
20 Day Low16.03
52 Week High23.63
52 Week Low15.82
CS1 End16.14
CR1 Start16.55
Volume & EV
DER(3)8.79%
DER(5)8.68%
Volume15.11M
Volume Incr-23.99%
Vol(5)15.49M
Vol(50)18.99M