WPP PLC-SPONSORED ADR (WPP) Technical Analysis
NYSE:WPP • US92937A1025
Current stock price
WPP Technical Rating and Analysis
Taking everything into account, WPP scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. WPP was also a bad performer in the overall market in the last year.
- 92% of all other stocks performed better in the past year than WPP.
- WPP is part of the Media industry. There are 90 other stocks in this industry, of which 67% are performing better than WPP.
- WPP 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 WPP has a been trading in the 15.11 - 18.76 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Considerably lower volume is observed in the last couple of days.
WPP Weekly and Daily overview Charts
WPP Setup Rating and Analysis
WPP has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
WPP Support and Resistance Analysis
17.45
When analyzing the support we notice one important area.
- A support zone ranging from 17.63 to 17.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 18.04 to 18.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.32 from a trend line in the daily time frame.
- Resistance @20.65 from a trend line in the weekly time frame.
- Resistance @24.34 from a horizontal line in the daily time frame.
WPP 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 WPP is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WPP is up. |
| ChartMill Relative Strength | 8.11 | NEGATIVE | WPP has a low relative strength, it was outperformed by 91.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WPP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WPP is above 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) | 62.5 | NEUTRAL | The RSI value for WPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests WPP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.59 | NEUTRAL | The Stochastics value for WPP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for WPP suggests some volalility. |
| Average Directional Index/ADX (14) | 21.33 | NEUTRAL | The ADX value for WPP suggests a possible start of a new trend. |
WPP Chart- and CandleStick Pattern Analysis
WPP Technicals: Chart, Performance Metrics, Trend & Indicators
17.97
-0.07 (-0.39%)
WPP PLC-SPONSORED ADR / WPP TA FAQ
Can you provide the ChartMill technical rating for WPP PLC-SPONSORED ADR?
ChartMill assigns a technical rating of 2 / 10 to WPP.
What is the trend direction for WPP stock?
The current trend direction for WPP PLC-SPONSORED ADR (WPP) is Bearish.
What is the RSI signal for WPP PLC-SPONSORED ADR (WPP) stock?
WPP PLC-SPONSORED ADR (WPP) has an RSI value of 62.5045. This indicates that the stock is currently neutral.
What is the buy/sell signal for WPP stock?
The buy/sell signal for WPP PLC-SPONSORED ADR (WPP) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for WPP PLC-SPONSORED ADR (WPP) stock?
WPP PLC-SPONSORED ADR (WPP) has a support level at 17.96 and a resistance level at 18.04. Check the full technical report for our detailed analysis of WPP support and resistance levels.