WIPRO LTD-ADR (WIT) Stock Technical Analysis
NYSE:WIT - New York Stock Exchange, Inc. - US97651M1099 - ADR - Currency: USD
Taking everything into account, WIT scores 6 out of 10 in our technical rating. In the past year, WIT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month WIT has a been trading in the 2.83 - 3.13 range, which is quite wide. It is currently trading near the high of this range.
WIT has an average volume of 4977260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, WIT turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
WIT is an average performer in the IT Services industry, it outperforms 43% of 81 stocks in the same industry.
WIT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WIT is lagging the market.
WIT has an average technical rating and it also does not offer a high quality setup 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
2.60
3.15
5 important support areas can be observed.
- A support zone ranging from 2.99 to 3.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.92 to 2.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.76 to 2.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.69 to 2.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.63 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.12 to 3.12. 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 | NEUTRAL | NEUTRAL | The long term trend for WIT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WIT is up. |
| ChartMill Relative Strength | 40.55 | NEUTRAL | WIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.73 | NEUTRAL | The RSI value for WIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests WIT has a positive trend. |
| Stochastics (14,3) | 81.79 | OVERBOUGHT | The high Stochastics value suggests WIT may be overbought. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for WIT suggests low volalility. |
| Average Directional Index/ADX (14) | 20.74 | NEUTRAL | The ADX value for WIT suggests a possible start of a new trend. |
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)
3.11
+0.03 (+0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.97%
1 Week0.65%
2 Weeks4.36%
1 Month9.51%
3 Month11.47%
6 Month-11.14%
12 Month-2.51%
2 Year27.2%
3 Year17.36%
5 Year43.98%
10 Year34.2%
15 Year21.96%
Volatility
ATR(14)0.05
ATR(20)%1.54%
ATR Inc-10%
Range Today0.04
ADR(20)0.04
ADR(20)%1.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.55
Mansfield-1.06
10 Day High3.13
10 Day Low2.96
20 Day High3.13
20 Day Low2.84
52 Week High3.79
52 Week Low2.63
CS1 End2.91
CR1 Start3.1
Volume & EV
DER(3)-0.33%
DER(5)-0.55%
Volume3.19M
Volume Incr10.03%
Vol(5)5.05M
Vol(50)4.98M