WIPRO LTD-ADR (WIT) Stock Technical Analysis
USA - NYSE:WIT - US97651M1099 - ADR
Overall WIT gets a technical rating of 1 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.
Although the technical rating is bad, WIT does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.63, a Stop Loss order could be placed below this zone.
More info and screens
2.58
We found 1 important support area.
- A support zone ranging from 2.61 to 2.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.64 to 2.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.89 from a horizontal line in the daily time frame.
- Resistance @3.14 from a horizontal line in the daily 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 | 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 | 18.07 | NEGATIVE | WIT has a low relative strength, it was outperformed by 81.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WIT is below the rising 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) | 41.22 | NEUTRAL | The RSI value for WIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WIT has a negative trend. |
| Stochastics (14,3) | 26.14 | NEUTRAL | The Stochastics value for WIT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for WIT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.61 | NEGATIVE | The low ADX value for WIT suggests a weak or negative trend. |
2.63
-0.04 (-1.5%)
WIPRO LTD-ADR / WIT FAQ
Can you provide the ChartMill technical rating for WIPRO LTD-ADR?
ChartMill assigns a technical rating of 1 / 10 to WIT.
Can you provide the trend direction for WIPRO LTD-ADR?
The current trend direction for WIPRO LTD-ADR (WIT) is Bearish.
What is the RSI signal for WIT stock?
WIPRO LTD-ADR (WIT) has an RSI value of 41.2229. 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 -0.000823041, 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.