Taking everything into account, WRAP scores 0 out of 10 in our technical rating. WRAP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, WRAP is a bad performer in the overall market: 86% of all stocks are doing better.
- WRAP is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 77% of 123 stocks in the same industry do better.
- In the last month WRAP has a been trading in the 1.65 - 3.23 range, which is quite wide. It is currently trading near the lows of this range.
- WRAP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WRAP is lagging the market.
WRAP has a poor technical rating and the quality of the setup is also only medium 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
1.63
When analyzing the support we notice one important area.
- A support zone ranging from 1.65 to 1.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @1.88 from a horizontal line in the daily time frame.
- Resistance @2.81 from a horizontal line in the weekly 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 | 14.39 | NEGATIVE | WRAP has a low relative strength, it was outperformed by 85.61% 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) | 35.49 | NEUTRAL | The RSI value for WRAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests WRAP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.52 | OVERSOLD | The low Stochastics value suggests WRAP may be oversold. |
| Average True Range in percent/ATR (20) | 12.97 | HIGH VOLATILITY | The high ATR as a percentage value for WRAP suggests high volalility. |
| Average Directional Index/ADX (14) | 25.02 | POSITIVE | The high ADX value value for WRAP suggests a strong trend. |
1.74
-0.11 (-5.95%)
WRAP TECHNOLOGIES INC / WRAP FAQ
Can you provide the ChartMill technical rating for WRAP TECHNOLOGIES INC?
ChartMill assigns a technical rating of 0 / 10 to WRAP.
Can you provide the trend direction for WRAP TECHNOLOGIES INC?
The current trend direction for WRAP TECHNOLOGIES INC (WRAP) is Bearish.
Can you provide the RSI signal for WRAP TECHNOLOGIES INC?
WRAP TECHNOLOGIES INC (WRAP) has an RSI value of 35.4912. This indicates that the stock is currently neutral.
What is the MACD signal for WRAP TECHNOLOGIES INC (WRAP) stock?
The MACD indicator for WRAP TECHNOLOGIES INC (WRAP) has a value of -0.06374, indicating a bearish trend.
Can you provide the support and resistance levels for WRAP TECHNOLOGIES INC?
WRAP TECHNOLOGIES INC (WRAP) has a support level at 1.67 and a resistance level at 1.88. Check the full technical report for our detailed analysis of WRAP support and resistance levels.