WIPRO LTD-ADR (WIT) Technical Analysis
NYSE:WIT • US97651M1099
Current stock price
2.16 USD
+0.05 (+2.37%)
At close:
2.2149 USD
+0.05 (+2.54%)
After Hours:
WIT Technical Rating and Analysis
Overall WIT gets a technical rating of 0 out of 10. WIT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 88% of all other stocks performed better in the past year than WIT.
- WIT 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 WIT is lagging the market.
- In the last month WIT has a been trading in the 2.05 - 2.56 range, which is quite wide. It is currently trading near the lows of this range.
- WIT has an average volume of 13589000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- WIT is part of the IT Services industry. There are 88 other stocks in this industry, WIT did better than 48% of them.
WIT Weekly and Daily overview Charts
WIT Setup Rating and Analysis
WIT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.17. Right above this resistance zone may be a good entry point.
More info and screens
WIT Support and Resistance Analysis
2.04
3.14
When analyzing the support we notice one important area.
- A support zone ranging from 2.06 to 2.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 2.17 to 2.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.31 to 2.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.45 from a trend line in the daily time frame.
- Resistance @2.83 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.11 to 3.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
WIT 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 | DOWN | NEGATIVE | The long term trend for WIT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WIT is down. |
| ChartMill Relative Strength | 12.46 | NEGATIVE | WIT has a low relative strength, it was outperformed by 87.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WIT is below a declining 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) | 45.28 | 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) | 33.09 | NEUTRAL | The Stochastics value for WIT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for WIT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.37 | NEGATIVE | The low ADX value for WIT suggests a weak or negative trend. |
WIT Chart- and CandleStick Pattern Analysis
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)
WIT Technicals: Chart, Performance Metrics, Trend & Indicators
2.16
+0.05 (+2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg2.37%
1 Week3.35%
2 Weeks-1.37%
1 Month-2.7%
3 Month-26.03%
6 Month-17.56%
12 Month-22.58%
2 Year-19.85%
3 Year-8.09%
5 Year-39.66%
10 Year-5.19%
15 Year-16.34%
Volatility
ATR(14)0.07
ATR(20)%4.1%
ATR Inc12.9%
Range Today0.07
ADR(20)0.08
ADR(20)%3.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.46
3 months CRS13.66
6 months CRS24.91
Mansfield-2.22
10 Day High2.21
10 Day Low2.05
20 Day High2.56
20 Day Low2.05
52 Week High3.13
52 Week Low2.05
CS1 End2.07
CR1 Start2.17
Volume & EV
DER(3)-0.24%
DER(5)1.58%
Volume10.33M
Volume Incr-39.19%
Vol(5)10.61M
Vol(50)13.59M
WIPRO LTD-ADR / WIT TA FAQ
Can you provide the ChartMill technical rating for WIPRO LTD-ADR?
ChartMill assigns a technical rating of 0 / 10 to WIT.
What is the trend direction for WIT stock?
The current trend direction for WIPRO LTD-ADR (WIT) is Bearish.
What is the RSI signal for WIPRO LTD-ADR (WIT) stock?
WIPRO LTD-ADR (WIT) has an RSI value of 45.2839. This indicates that the stock is currently neutral.
What is the MACD signal for WIT stock?
The MACD indicator for WIPRO LTD-ADR (WIT) has a value of 0.00557319, indicating a bearish trend.
What is the buy/sell signal for WIPRO LTD-ADR (WIT) stock?
The buy/sell signal for WIPRO LTD-ADR (WIT) is sell as both the short term and long term trends are negative.