Logo image of WIT

WIPRO LTD-ADR (WIT) Stock Technical Analysis

NYSE:WIT - New York Stock Exchange, Inc. - US97651M1099 - ADR - Currency: USD

2.93  -0.01 (-0.34%)

After market: 2.93 0 (0%)

Technical Rating and Analysis

0

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.
Weekly and Daily overview Charts
WIPRO LTD-ADR / WIT Weekly stock chart
WIPRO LTD-ADR / WIT Daily stock chart
Setup Rating and Analysis

6

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.

Support and Resistance Analysis

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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for WIT is down.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for WIT is neutral.
ChartMill Relative Strength29.49NEGATIVEWIT has a low relative strength, it was outperformed by 70.51% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of WIT is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of WIT is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of WIT is below a declining SMA(200).
Relative Strength Index/RSI (14)44.97NEUTRALThe RSI value for WIT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests WIT has a negative trend.
Stochastics (14,3)32.05NEUTRALThe Stochastics value for WIT is a neutral value.
Average True Range in percent/ATR (20)2.23MEDIUM VOLATILITYThe ATR as a percentage value for WIT suggests some volalility.
Average Directional Index/ADX (14)15.43NEGATIVEThe low ADX value for WIT suggests a weak or negative trend.
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)
WIPRO LTD-ADR / WIT Daily stock chart

WIPRO LTD-ADR

NYSE:WIT (7/25/2025, 8:04:00 PM)

After market: 2.93 0 (0%)

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