Overall WRAP gets a technical rating of 8 out of 10. Both in the recent history as in the last year, WRAP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although WRAP has an excellent technical rating, it does not present a decent entry opportunity 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.
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2.21
When analyzing the support we notice one important area.
- Support @2.23 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.83 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 | UP | POSITIVE | The long term trend for WRAP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WRAP is up. |
| ChartMill Relative Strength | 83.86 | POSITIVE | WRAP has a high relative strength, it outperformed 83.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WRAP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WRAP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WRAP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.39 | NEUTRAL | The RSI value for WRAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests WRAP has a positive trend. |
| Stochastics (14,3) | 85.58 | OVERBOUGHT | The high Stochastics value suggests WRAP may be overbought. |
| Average True Range in percent/ATR (20) | 6.97 | HIGH VOLATILITY | The high ATR as a percentage value for WRAP suggests high volalility. |
| Average Directional Index/ADX (14) | 17.05 | NEGATIVE | The low ADX value for WRAP suggests a weak or negative trend. |
2.82
+0.11 (+4.06%)
WRAP TECHNOLOGIES INC / WRAP FAQ
Can you provide the ChartMill technical rating for WRAP TECHNOLOGIES INC?
ChartMill assigns a technical rating of 8 / 10 to WRAP.
Can you provide the trend direction for WRAP TECHNOLOGIES INC?
The current trend direction for WRAP TECHNOLOGIES INC (WRAP) is Bullish.
Can you provide the RSI signal for WRAP TECHNOLOGIES INC?
WRAP TECHNOLOGIES INC (WRAP) has an RSI value of 64.3916. 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 0.0519298, 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 2.23 and a resistance level at 2.83. Check the full technical report for our detailed analysis of WRAP support and resistance levels.