Boingo Wireless Inc (WIFI) Stock Technical Analysis
NASDAQ:WIFI - Nasdaq -
We assign a technical rating of 5 out of 10 to WIFI. 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 21 other stocks in this industry, of which 100% 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.
Although the technical rating is only medium, WIFI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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. Another positive sign is the recent Pocket Pivot signal.
- 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
15.56
4 important support areas can be observed.
- 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.
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. |
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)
13.99
+0.01 (+0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg0.07%
1 Week0.29%
2 Weeks0.36%
1 Month0.21%
3 Month-0.57%
6 Month-9.16%
12 Month-2.3%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.24%
ATR Inc-11.58%
Range Today0.04
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.75
Mansfield-0.61
10 Day High14.02
10 Day Low13.93
20 Day High14.02
20 Day Low13.93
52 Week High15.92
52 Week Low8.69
CS1 End13.98
CR1 Start14.04
Volume & EV
DER(3)0.73%
DER(5)-0.86%
Volume1.77M
Volume Incr195.04%
Vol(5)1.68M
Vol(50)815.13K