WIPRO LTD-ADR (WIT)
US97651M1099 - ADR
Overall WIT gets a technical rating of 10 out of 10. 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 and short term trends are both positive. This is looking good!
Looking at the yearly performance, WIT did better than 86% 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 currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month WIT has a been trading in the 3.38 - 3.75 range, which is quite wide. It is currently trading near the high of this range.
WIT has an average volume of 2797450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WIT is part of the IT Services industry. There are 83 other stocks in this industry, WIT did better than 69% of them.
WIT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 3.63, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.80
3.75
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.56 to 3.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.40 to 3.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.13 to 3.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.83 to 2.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 3.68 to 3.71. 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
CRS86.91
Mansfield0.92
10 Day High3.75
10 Day Low3.47
20 Day High3.75
20 Day Low3.38
52 Week High3.75
52 Week Low2.55
Performance
1 Week0.28%
2 Weeks1.97%
1 Month6.61%
3 Month12.21%
6 Month23.47%
12 Month33.7%
2 Year55.79%
3 Year-25.61%
5 Year93.6%
10 Year71.02%
15 Year44.89%
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
RSI(14)59.08
LBB3.47
UBB3.73
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 |
|---|---|---|---|
| 3.72 | 3.55 | 0.17 (4.57%) | 21.88% |
| An entry @3.72. This is a Buy Stop order right above the resistance zone. | An exit @3.55. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.17 points, which is 4.57%. | When investing 21.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (12/18/2024, 8:04:00 PM)
After market: 3.63 0 (0%)3.63
-0.07 (-1.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-1.89%
1 Week0.28%
2 Weeks1.97%
1 Month6.61%
3 Month12.21%
6 Month23.47%
12 Month33.7%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.08
ATR(20)%2.13%
ATR Inc
Range Today0.13
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 High3.75
10 Day Low3.47
20 Day High3.75
20 Day Low3.38
52 Week High3.75
52 Week Low2.55
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.30M
Volume Incr16.9%
Vol(5)3.71M
Vol(50)2.80M