WIPRO LTD-ADR (WIT) Stock Technical Analysis
NYSE:WIT - New York Stock Exchange, Inc. - US97651M1099 - ADR - Currency: USD
We assign a technical rating of 4 out of 10 to WIT. In the last year, WIT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month WIT has a been trading in the 3.48 - 3.79 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
WIT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WIT is lagging the market slightly.
WIT has an average volume of 4842940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, WIT outperforms 62% of them, which is more or less in line with the market.
WIT is part of the IT Services industry. There are 82 other stocks in this industry, WIT did better than 55% of them.
WIT has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.94
3.82
5 important support areas can be observed.
- A support zone ranging from 3.41 to 3.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.35 from a horizontal line in the daily time frame.
- Support @3.29 from a horizontal line in the daily time frame.
- Support @3.21 from a horizontal line in the daily time frame.
- Support @2.97 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.61 to 3.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.78 to 3.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62
Mansfield0.24
10 Day High3.71
10 Day Low3.48
20 Day High3.79
20 Day Low3.48
52 Week High3.79
52 Week Low2.55
Performance
1 Week-4.13%
2 Weeks-5.95%
1 Month-6.95%
3 Month-0.29%
6 Month13.54%
12 Month9.61%
2 Year49.04%
3 Year-4.53%
5 Year101.74%
10 Year34.69%
15 Year43.08%
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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)36.73
LBB3.54
UBB3.77
3.48
-0.16 (-4.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-4.4%
1 Week-4.13%
2 Weeks-5.95%
1 Month-6.95%
3 Month-0.29%
6 Month13.54%
12 Month9.61%
2 Year49.04%
3 Year-4.53%
5 Year101.74%
10 Year34.69%
15 Year43.08%
Volatility
ATR(14)0.06
ATR(20)%1.87%
ATR Inc100%
Range Today0.12
ADR(20)0.06
ADR(20)%1.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62
Mansfield0.24
10 Day High3.71
10 Day Low3.48
20 Day High3.79
20 Day Low3.48
52 Week High3.79
52 Week Low2.55
CS1 End3.43
CR1 Start3.61
Volume & EV
DER(3)-4.77%
DER(5)-2.74%
Volume5.68M
Volume Incr-30.59%
Vol(5)4.62M
Vol(50)4.84M