Boingo Wireless Inc (WIFI) Stock Technical Analysis
USA - NASDAQ:WIFI -
We assign a technical rating of 5 out of 10 to WIFI. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, WIFI is a bad performer.
Although the technical rating is only medium, WIFI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.98, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.63
When analyzing the support we can see 4 important areas.
- A support zone ranging from 13.80 to 13.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.44 from a trend line in the daily time frame.
- Support @13.13 from a trend line in the weekly time frame.
- Support @9.73 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.04 to 14.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @15.41 from a horizontal 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 | UP | POSITIVE | The long term trend for WIFI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WIFI is up. |
| ChartMill Relative Strength | 11.75 | NEGATIVE | WIFI has a low relative strength, it was outperformed by 88.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WIFI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WIFI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WIFI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.92 | NEUTRAL | The RSI value for WIFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WIFI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.84 | NEUTRAL | The Stochastics value for WIFI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for WIFI suggests low volalility. |
13.99
+0.01 (+0.07%)
Boingo Wireless Inc / WIFI FAQ
What is the ChartMill technical rating of Boingo Wireless Inc (WIFI) stock?
ChartMill assigns a technical rating of 5 / 10 to WIFI.
What is the current trend direction of Boingo Wireless Inc (WIFI) stock?
The current trend direction for Boingo Wireless Inc (WIFI) is Bullish.
Can you provide the RSI signal for Boingo Wireless Inc?
Boingo Wireless Inc (WIFI) has an RSI value of 56.9218. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Boingo Wireless Inc?
The short term momentum for Boingo Wireless Inc (WIFI) is positive.
What is the buy/sell signal for WIFI stock?
The buy/sell signal for Boingo Wireless Inc (WIFI) is buy as both the short term and long term trends are positive.