WIDEPOINT CORP (WYY) Stock Technical Analysis
NYSEARCA:WYY - NYSE Arca - US9675902095 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to WYY. Recently some decent action could be observed, but in the medium term time frame this is still negative. WYY was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, WYY is a bad performer in the overall market: 80% of all stocks are doing better.
WYY is one of the lesser performing stocks in the IT Services industry. 67% of 81 stocks in the same industry do better.
WYY 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month WYY has a been trading in the 2.84 - 3.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WYY has a bad technical rating, but it does show 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 3.45. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for WYY 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
2.97
6.18
2 important support areas can be observed.
- Support @3.11 from a trend line in the daily time frame.
- A support zone ranging from 3.00 to 3.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 3.45 to 3.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.55 from a horizontal line in the daily time frame.
- A resistance zone ranging from 3.72 to 3.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.32 from a trend line in the weekly time frame.
- Resistance @6.12 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 | DOWN | NEGATIVE | The long term trend for WYY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WYY is neutral. |
| ChartMill Relative Strength | 20.9 | NEGATIVE | WYY has a low relative strength, it was outperformed by 79.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WYY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WYY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WYY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.44 | NEUTRAL | The RSI value for WYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests WYY has a positive trend. |
| Stochastics (14,3) | 65.7 | NEUTRAL | The Stochastics value for WYY is a neutral value. |
| Average True Range in percent/ATR (20) | 7.79 | HIGH VOLATILITY | The high ATR as a percentage value for WYY suggests high volalility. |
| Average Directional Index/ADX (14) | 13.21 | NEGATIVE | The low ADX value for WYY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.44
+0.1 (+2.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg2.99%
1 Week12.42%
2 Weeks4.24%
1 Month12.05%
3 Month0%
6 Month-29.94%
12 Month-17.9%
2 Year84.95%
3 Year43.93%
5 Year-50.54%
10 Year-79.4%
15 Year-58.55%
Volatility
ATR(14)0.22
ATR(20)%7.79%
ATR Inc-5.45%
Range Today0.16
ADR(20)0.26
ADR(20)%7.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.9
Mansfield-1.65
10 Day High3.57
10 Day Low3.01
20 Day High3.94
20 Day Low2.84
52 Week High6.25
52 Week Low2.19
CS1 End3.11
CR1 Start3.45
Volume & EV
DER(3)6.99%
DER(5)4.05%
Volume60.80K
Volume Incr-26.22%
Vol(5)93.24K
Vol(50)143.82K