WIPRO LTD-ADR (WIT) Stock Technical Analysis
NYSE:WIT - New York Stock Exchange, Inc. - US97651M1099 - ADR - Currency: USD
Taking everything into account, WIT scores 0 out of 10 in our technical rating. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
71% of all other stocks performed better in the past year than WIT.
WIT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month WIT has a been trading in the 2.87 - 3.13 range, which is quite wide. It is currently trading near the lows of this range.
WIT has an average volume of 5647440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WIT is an average performer in the IT Services industry, it outperforms 48% of 82 stocks in the same industry.
WIT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
2.60
3.17
We found 5 important support areas.
- Support @2.91 from a trend line in the daily time frame.
- Support @2.85 from a horizontal line in the daily time frame.
- A support zone ranging from 2.78 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.96 to 3.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.12 to 3.14. 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 | DOWN | NEGATIVE | The long term trend for WIT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WIT is neutral. |
| ChartMill Relative Strength | 29.49 | NEGATIVE | WIT has a low relative strength, it was outperformed by 70.51% 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) | 44.97 | NEUTRAL | The RSI value for WIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WIT has a negative trend. |
| Stochastics (14,3) | 32.05 | NEUTRAL | The Stochastics value for WIT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for WIT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.43 | NEGATIVE | The low ADX value for WIT suggests a weak or negative 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)
2.93
-0.01 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.34%
1 Week-2.33%
2 Weeks0.69%
1 Month-5.18%
3 Month3.53%
6 Month-22.28%
12 Month-5.48%
2 Year19.84%
3 Year10.57%
5 Year35.65%
10 Year26.43%
15 Year14.9%
Volatility
ATR(14)0.07
ATR(20)%2.23%
ATR Inc-22.99%
Range Today0.05
ADR(20)0.05
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.49
Mansfield-1.64
10 Day High3.12
10 Day Low2.87
20 Day High3.13
20 Day Low2.87
52 Week High3.79
52 Week Low2.63
CS1 End2.91
CR1 Start2.96
Volume & EV
DER(3)-1.01%
DER(5)-1.47%
Volume6.86M
Volume Incr-8.64%
Vol(5)6.56M
Vol(50)5.65M