USA - NYSE:WPP - US92937A1025 - ADR
We assign a technical rating of 0 out of 10 to WPP. WPP 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 technical rating of WPP is bad and it also does not present a 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.
18.34
When analyzing the resistance we notice 3 important areas.
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 WPP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WPP is down. |
| ChartMill Relative Strength | 4.58 | NEGATIVE | WPP has a low relative strength, it was outperformed by 95.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WPP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WPP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WPP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.67 | NEUTRAL | The RSI value for WPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests WPP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.84 | OVERSOLD | The low Stochastics value suggests WPP may be oversold. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for WPP suggests some volalility. |
| Average Directional Index/ADX (14) | 30.16 | POSITIVE | The high ADX value value for WPP suggests a strong trend. |
18.53
+0.91 (+5.16%)
ChartMill assigns a technical rating of 0 / 10 to WPP.
The current trend direction for WPP PLC-SPONSORED ADR (WPP) is Bearish.
WPP PLC-SPONSORED ADR (WPP) has an RSI value of 30.6654. This indicates that the stock is currently neutral.
The short term momentum for WPP PLC-SPONSORED ADR (WPP) is negative.
The buy/sell signal for WPP PLC-SPONSORED ADR (WPP) is sell as both the short term and long term trends are negative.