INFOSYS LTD-SP ADR (INFY) Stock Technical Analysis
NYSE:INFY • US4567881085
Overall INFY gets a technical rating of 0 out of 10. INFY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 88% of all other stocks performed better in the past year than INFY.
- INFY is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so INFY is lagging the market.
- INFY is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- INFY has an average volume of 17292300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- INFY is part of the IT Services industry. There are 86 other stocks in this industry, INFY did better than 44% of them.
INFY has a poor technical rating and the quality of the setup is also 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.
More info and screens
14.07
When analyzing the support we notice one important area.
- A support zone ranging from 14.21 to 14.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @14.71 from a horizontal line in the daily time frame.
- Resistance @17.85 from a horizontal line in the daily time frame.
- Resistance @19.56 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 | 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 | 12.89 | NEGATIVE | INFY has a low relative strength, it was outperformed by 87.11% 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) | 35.83 | NEUTRAL | The RSI value for INFY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests INFY has a positive trend. |
| Stochastics (14,3) | 21.61 | NEUTRAL | The Stochastics value for INFY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for INFY suggests some volalility. |
| Average Directional Index/ADX (14) | 30.66 | POSITIVE | The high ADX value value for INFY suggests a strong trend. |
14.22
+0.03 (+0.21%)
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 0 / 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 35.829. 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 0.0063075, 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.