WRAP TECHNOLOGIES INC (WRAP) Technical Analysis
NASDAQ:WRAP • US98212N1072
Current stock price
WRAP Technical Rating and Analysis
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 88% of all other stocks performed better in the past year than WRAP.
- WRAP is part of the Electronic Equipment, Instruments & Components industry. There are 124 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. The S&P500 Index however is trading in the upper part of its 52 week range, so WRAP is lagging the market.
- In the last month WRAP has a been trading in the 1.42 - 1.77 range, which is quite wide. It is currently trading near the lows of this range.
WRAP Weekly and Daily overview Charts
WRAP Setup Rating and Analysis
Although the technical rating is bad, WRAP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for WRAP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
WRAP Support and Resistance Analysis
1.25
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.44 to 1.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 1.26 to 1.28. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.55 to 1.57. 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.
WRAP 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 WRAP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WRAP is down. |
| ChartMill Relative Strength | 12.37 | NEGATIVE | WRAP has a low relative strength, it was outperformed by 87.63% 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) | DOWN | NEGATIVE | The current price of WRAP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.97 | NEUTRAL | The RSI value for WRAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests WRAP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 23.84 | NEUTRAL | The Stochastics value for WRAP is a neutral value. |
| Average True Range in percent/ATR (20) | 7.3 | HIGH VOLATILITY | The high ATR as a percentage value for WRAP suggests high volalility. |
| Average Directional Index/ADX (14) | 24.32 | NEUTRAL | The ADX value for WRAP suggests a possible start of a new trend. |
WRAP Chart- and CandleStick Pattern Analysis
WRAP Technicals: Chart, Performance Metrics, Trend & Indicators
1.46
-0.08 (-5.19%)
WRAP TECHNOLOGIES INC / WRAP TA 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 38.9733. 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 0.0120851, 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 1.45 and a resistance level at 1.55. Check the full technical report for our detailed analysis of WRAP support and resistance levels.