WIDEPOINT CORP (WYY) Stock Technical Analysis
NYSEARCA:WYY - US9675902095 - Common Stock
5.03 USD
+0.04 (+0.8%)
5 USD
-0.03 (-0.6%)
Taking everything into account, WYY scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WYY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
WYY is one of the better performing stocks in the IT Services industry, it outperforms 79% of 85 stocks in the same industry.
In the last month WYY has a been trading in the 3.24 - 5.07 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that WYY is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
WYY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WYY is lagging the market.
Although WYY 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
2.86
6.18
We found 3 important support areas.
- Support @3.10 from a trend line in the weekly time frame.
- Support @3.01 from a horizontal line in the weekly time frame.
- Support @2.89 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 5.04 to 5.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.48 from a horizontal 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 | UP | POSITIVE | The long term trend for WYY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WYY is up. |
| ChartMill Relative Strength | 88.15 | POSITIVE | WYY has a high relative strength, it outperformed 88.15% 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 | POSITIVE | The current price of WYY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WYY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.35 | OVERBOUGHT | The high RSI value suggests WYY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests WYY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.1 | OVERBOUGHT | The high Stochastics value suggests WYY may be overbought. |
| Average True Range in percent/ATR (20) | 6.89 | HIGH VOLATILITY | The high ATR as a percentage value for WYY suggests high volalility. |
| Average Directional Index/ADX (14) | 42.65 | POSITIVE | The high ADX value value for WYY suggests a strong 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)
5.03
+0.04 (+0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.8%
1 Week0.6%
2 Weeks33.78%
1 Month46.22%
3 Month43.3%
6 Month35.22%
12 Month32.37%
2 Year192.44%
3 Year136.15%
5 Year0.62%
10 Year-42.84%
15 Year-55.09%
Volatility
ATR(14)0.34
ATR(20)%6.89%
ATR Inc-46.11%
Range Today0.15
ADR(20)0.34
ADR(20)%6.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.15
Mansfield1.98
10 Day High5.07
10 Day Low3.76
20 Day High5.07
20 Day Low3.24
52 Week High6.25
52 Week Low2.19
CS1 End3.1
CR1 Start5.04
Volume & EV
DER(3)6.02%
DER(5)-2.58%
Volume56.00K
Volume Incr-39.4%
Vol(5)69.84K
Vol(50)86.04K