WRAP TECHNOLOGIES INC (WRAP) Stock Technical Analysis
NASDAQ:WRAP - Nasdaq - US98212N1072 - Common Stock - Currency: USD
Taking everything into account, WRAP scores 0 out of 10 in our technical rating. WRAP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
WRAP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.43, a Stop Loss order could be placed below this zone.
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1.33
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.40 to 1.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.37 from a horizontal line in the daily time frame.
- Support @1.34 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.56 to 1.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.63 from a trend 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 WRAP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WRAP is down. |
| ChartMill Relative Strength | 16.16 | NEGATIVE | WRAP has a low relative strength, it was outperformed by 83.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WRAP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WRAP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WRAP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.98 | NEUTRAL | The RSI value for WRAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WRAP has a negative trend. |
| Stochastics (14,3) | 21.38 | NEUTRAL | The Stochastics value for WRAP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.54 | HIGH VOLATILITY | The high ATR as a percentage value for WRAP suggests high volalility. |
| Average Directional Index/ADX (14) | 17.64 | NEGATIVE | The low ADX value for WRAP suggests a weak or negative trend. |
NASDAQ:WRAP (7/14/2025, 9:37:47 AM)
1.49
0 (0%)