WIDEPOINT CORP (WYY) Stock Technical Analysis
NYSEARCA:WYY - NYSE Arca - US9675902095 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to WYY. WYY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
WYY 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 WYY is lagging the market.
In the last month WYY has a been trading in the 2.96 - 6.18 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, WYY outperforms 41% of them, which is more or less in line with the market.
WYY is an average performer in the IT Services industry, it outperforms 50% of 82 stocks in the same industry.
The technical rating of WYY is bad and it also does not present a 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
2.79
6.18
When analyzing the support we can see 2 important areas.
- Support @2.92 from a trend line in the weekly time frame.
- Support @2.82 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @3.55 from a horizontal line in the daily time frame.
- A resistance zone ranging from 3.72 to 3.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for WYY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WYY is down. |
| ChartMill Relative Strength | 41.1 | NEUTRAL | WYY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WYY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WYY is below a declining 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) | 34.79 | NEUTRAL | The RSI value for WYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests WYY has a negative trend. |
| Stochastics (14,3) | 3.76 | OVERSOLD | The low Stochastics value suggests WYY may be oversold. |
| Average True Range in percent/ATR (20) | 20.04 | HIGH VOLATILITY | The high ATR as a percentage value for WYY suggests high volalility. |
| Average Directional Index/ADX (14) | 28.65 | 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)
3.02
-0.18 (-5.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-5.63%
1 Week-28.44%
2 Weeks-44.79%
1 Month-9.85%
3 Month-22.56%
6 Month-38.99%
12 Month15.27%
2 Year76.61%
3 Year8.24%
5 Year-47.02%
10 Year-79.87%
15 Year-64.88%
Volatility
ATR(14)0.64
ATR(20)%20.04%
ATR Inc-54.82%
Range Today0.34
ADR(20)0.55
ADR(20)%18.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.1
Mansfield-2.27
10 Day High6.18
10 Day Low2.96
20 Day High6.18
20 Day Low2.96
52 Week High6.25
52 Week Low2.19
CS1 End2.92
CR1 Start3.55
Volume & EV
DER(3)4.35%
DER(5)-1.04%
Volume131.50K
Volume Incr44.9%
Vol(5)233.34K
Vol(50)102.27K