INFOSYS LTD-SP ADR (INFY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:INFY - US4567881085 - ADR
We assign a technical rating of 6 out of 10 to INFY. Although INFY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, 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 16.42, a Stop Loss order could be placed below this zone.
More info and screens
15.82
We found 2 important support areas.
- 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 17.83 to 17.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.71 to 18.83. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for INFY is neutral. |
| ChartMill Relative Strength | 29.93 | NEGATIVE | INFY has a low relative strength, it was outperformed by 70.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of INFY is below 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) | 47.06 | NEUTRAL | The RSI value for INFY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests INFY has a negative trend. |
| Stochastics (14,3) | 3.74 | OVERSOLD | The low Stochastics value suggests INFY may be oversold. |
| Average True Range in percent/ATR (20) | 5.59 | HIGH VOLATILITY | The high ATR as a percentage value for INFY suggests high volalility. |
| Average Directional Index/ADX (14) | 49.74 | POSITIVE | The high ADX value value for INFY suggests a strong trend. |
17.82
-0.22 (-1.22%)
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 6 / 10 to INFY.
What is the trend direction for 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 47.061. 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 -0.106493, 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 neutral.