Wireless Telecom (WTT) Technical Analysis
NYSEARCA:WTT • US9765241081
Current stock price
WTT Technical Rating and Analysis
Taking everything into account, WTT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, WTT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that WTT is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by WTT over the past year are nicely spread over this period.
- WTT is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 78% of 124 stocks in the same industry.
- WTT is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so WTT is leading the market.
- In the last month WTT has a been trading in a tight range between 2.09 and 2.13.
- Considerably lower volume is observed in the last couple of days.
WTT Weekly and Daily overview Charts
WTT Setup Rating and Analysis
Besides having an excellent technical rating, WTT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.12, a Stop Loss order could be placed below this zone.
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WTT Support and Resistance Analysis
1.51
We found 5 important support areas.
- A support zone ranging from 2.04 to 2.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.86 from a horizontal line in the daily time frame.
- Support @1.74 from a trend line in the weekly time frame.
- Support @1.58 from a horizontal line in the daily time frame.
- Support @1.53 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.14 to 2.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
WTT 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 | UP | POSITIVE | The long term trend for WTT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WTT is up. |
| ChartMill Relative Strength | 93.14 | POSITIVE | WTT has a high relative strength, it outperformed 93.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WTT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WTT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WTT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.19 | NEUTRAL | The RSI value for WTT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WTT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests WTT may be overbought. |
| Average True Range in percent/ATR (20) | 0.5 | LOW VOLATILITY | The low ATR as a percentage value for WTT suggests low volalility. |
| Average Directional Index/ADX (14) | 46.95 | POSITIVE | The high ADX value value for WTT suggests a strong trend. |
WTT Chart- and CandleStick Pattern Analysis
WTT Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.15 | 2.10 | 0.05 (2.33%) | 25.00% |
| An entry @2.15. This is a Buy Stop order right above the resistance zone. | An exit @2.10. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.05 points, which is 2.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
WTT Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:WTT (8/3/2023, 8:15:22 PM)
2.13
0 (0%)
Wireless Telecom / WTT TA FAQ
What is the technical rating for WTT stock?
ChartMill assigns a technical rating of 10 / 10 to WTT.
What is the trend direction for WTT stock?
The current trend direction for Wireless Telecom (WTT) is Bullish.
Can you provide the RSI signal for Wireless Telecom?
Wireless Telecom (WTT) has an RSI value of 67.1889. This indicates that the stock is currently neutral.
What is the buy/sell signal for Wireless Telecom (WTT) stock?
The buy/sell signal for Wireless Telecom (WTT) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for Wireless Telecom?
Wireless Telecom (WTT) has a support level at 2.12 and a resistance level at 2.14. Check the full technical report for our detailed analysis of WTT support and resistance levels.