WRAP TECHNOLOGIES INC (WRAP) Stock Technical Analysis
USA - NASDAQ:WRAP - US98212N1072 - Common Stock
Overall WRAP gets a technical rating of 7 out of 10. WRAP has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although WRAP has an excellent technical rating, it does not offer a high quality setup 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
2.11
We found 1 important support area.
- Support @2.13 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.43 to 2.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.85 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for WRAP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WRAP is neutral. |
| ChartMill Relative Strength | 94.83 | POSITIVE | WRAP has a high relative strength, it outperformed 94.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WRAP is below the rising 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) | 51.15 | NEUTRAL | The RSI value for WRAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests WRAP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.55 | NEUTRAL | The Stochastics value for WRAP is a neutral value. |
| Average True Range in percent/ATR (20) | 9.94 | HIGH VOLATILITY | The high ATR as a percentage value for WRAP suggests high volalility. |
| Average Directional Index/ADX (14) | 23.4 | NEUTRAL | The ADX value for WRAP suggests a possible start of a new trend. |
2.42
+0.28 (+13.08%)
WRAP TECHNOLOGIES INC / WRAP FAQ
Can you provide the ChartMill technical rating for WRAP TECHNOLOGIES INC?
ChartMill assigns a technical rating of 7 / 10 to WRAP.
What is the trend direction for WRAP stock?
The current trend direction for WRAP TECHNOLOGIES INC (WRAP) is Bearish.
What is the RSI signal for WRAP stock?
WRAP TECHNOLOGIES INC (WRAP) has an RSI value of 51.1527. This indicates that the stock is currently neutral.
What is the MACD signal for WRAP stock?
The MACD indicator for WRAP TECHNOLOGIES INC (WRAP) has a value of -0.0428972, indicating a bearish trend.
What are the support and resistance levels for WRAP TECHNOLOGIES INC (WRAP) stock?
WRAP TECHNOLOGIES INC (WRAP) has a support level at 2.13 and a resistance level at 2.43. Check the full technical report for our detailed analysis of WRAP support and resistance levels.