WIPRO LTD-ADR (WIT)
US97651M1099 - ADR
We assign a technical rating of 9 out of 10 to WIT. Both in the recent history as in the last year, WIT has proven to be a steady performer, scoring decent points in every aspect analyzed.
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!
Looking at the yearly performance, WIT did better than 79% of all other stocks. We also observe that the gains produced by WIT over the past year are nicely spread over this period.
WIT is one of the better performing stocks in the IT Services industry, it outperforms 71% of 86 stocks in the same industry.
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.
In the last month WIT has a been trading in the 6.11 - 6.73 range, which is quite wide. It is currently trading near the high of this range.
WIT has an average volume of 1614970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, WIT also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 6.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WIT 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
5.48
6.80
We found 4 important support areas.
- A support zone ranging from 6.31 to 6.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.19 from a horizontal line in the daily time frame.
- A support zone ranging from 5.85 to 5.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.54 to 5.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @6.73 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.85
Mansfield0.12
10 Day High6.73
10 Day Low6.11
20 Day High6.73
20 Day Low6.11
52 Week High7.01
52 Week Low4.49
Performance
1 Week0.15%
2 Weeks3.44%
1 Month2.8%
3 Month6.61%
6 Month21.06%
12 Month46.56%
2 Year40.64%
3 Year-26.23%
5 Year66.08%
10 Year44.48%
15 Year71.3%
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)0.01
RSI(14)56.34
LBB6.22
UBB6.67
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 |
|---|---|---|---|
| 6.74 | 6.30 | 0.44 (6.53%) | 15.32% |
| An entry @6.74. This is a Buy Stop order right above the resistance zone. | An exit @6.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.44 points, which is 6.53%. | For a 1.00% total portfolio risk, you can invest 15.32% of your capital in this trade. |
- 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.
WIPRO LTD-ADR
NYSE:WIT (10/21/2024, 8:04:00 PM)
After market: 6.61 0 (0%)6.61
-0.08 (-1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-1.2%
1 Week0.15%
2 Weeks3.44%
1 Month2.8%
3 Month6.61%
6 Month21.06%
12 Month46.56%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.17
ATR(20)%2.37%
ATR Inc
Range Today0.08
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High6.73
10 Day Low6.11
20 Day High6.73
20 Day Low6.11
52 Week High7.01
52 Week Low4.49
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.72M
Volume Incr51.2%
Vol(5)2.68M
Vol(50)1.61M