Boingo Wireless Inc (WIFI) Technical Analysis
NASDAQ:WIFI
Current stock price
WIFI Technical Rating and Analysis
Overall WIFI gets a technical rating of 5 out of 10. Although WIFI is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 89% of all other stocks performed better in the past year than WIFI.
- WIFI is part of the Wireless Telecommunication Services industry. There are 22 other stocks in this industry, of which 85% are performing better than WIFI.
- The long and short term trends are both positive. This is looking good!
- WIFI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WIFI is lagging the market slightly.
- In the last month WIFI has a been trading in a tight range between 13.93 and 14.02.
- Volume is considerably higher in the last couple of days.
WIFI Weekly and Daily overview Charts
WIFI Setup Rating and Analysis
WIFI has only a medium technical rating, but it does show a decent setup pattern. 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
WIFI Support and Resistance Analysis
9.63
We found 4 important support 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.
We can see 2 important resistance 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.
WIFI Technical Indicator Signal Analysis
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. |
WIFI Chart- and CandleStick Pattern Analysis
WIFI Technicals: Chart, Performance Metrics, Trend & Indicators
13.99
+0.01 (+0.07%)
Boingo Wireless Inc / WIFI TA 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 trend direction for WIFI stock?
The current trend direction for Boingo Wireless Inc (WIFI) is Bullish.
What is the RSI signal for WIFI stock?
Boingo Wireless Inc (WIFI) has an RSI value of 56.9218. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Boingo Wireless Inc?
The MACD indicator for Boingo Wireless Inc (WIFI) has a value of -0.000312226, indicating a bearish trend.
Can you provide the buy/sell signal for Boingo Wireless Inc?
The buy/sell signal for Boingo Wireless Inc (WIFI) is buy as both the short term and long term trends are positive.