WRAP TECHNOLOGIES INC (WRAP) Stock Technical Analysis
NASDAQ:WRAP • US98212N1072
We assign a technical rating of 0 out of 10 to WRAP. 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: 85% of all stocks are doing better.
- WRAP is part of the Electronic Equipment, Instruments & Components industry. There are 122 other stocks in this industry, of which 76% are performing better than WRAP.
- WRAP 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 WRAP has a been trading in the 1.65 - 2.58 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
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
1.67
We found 1 important support area.
- A support zone ranging from 1.69 to 1.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.77 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 15.69 | NEGATIVE | WRAP has a low relative strength, it was outperformed by 84.31% 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) | 36.82 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 14.19 | OVERSOLD | The low Stochastics value suggests WRAP may be oversold. |
| Average True Range in percent/ATR (20) | 10.67 | HIGH VOLATILITY | The high ATR as a percentage value for WRAP suggests high volalility. |
| Average Directional Index/ADX (14) | 28.62 | POSITIVE | The high ADX value value for WRAP suggests a strong trend. |
1.71
-0.07 (-3.93%)
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 36.8232. 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 -0.00740989, 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 1.7 and a resistance level at 1.77. Check the full technical report for our detailed analysis of WRAP support and resistance levels.