WIPRO LTD-ADR (WIT) Stock Technical Analysis
NYSE:WIT - New York Stock Exchange, Inc. - US97651M1099 - ADR
Taking everything into account, WIT scores 5 out of 10 in our technical rating. WIT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
When comparing the yearly performance of all stocks, we notice that WIT is one of the better performing stocks in the market, outperforming 71% of all stocks.
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 3387510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
WIT is an average performer in the IT Services industry, it outperforms 60% of 82 stocks in the same industry.
In the last month WIT has a been trading in the 3.28 - 3.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
WIT has an average technical rating and it also 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
2.89
3.76
We found 3 important support areas.
- Support @3.43 from a horizontal line in the weekly time frame.
- Support @3.29 from a horizontal line in the daily time frame.
- Support @2.92 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.45 to 3.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.68 to 3.72. 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
CRS71.81
Mansfield0.16
10 Day High3.56
10 Day Low3.28
20 Day High3.75
20 Day Low3.28
52 Week High3.75
52 Week Low2.55
Performance
1 Week-2.27%
2 Weeks-3.64%
1 Month-7.03%
3 Month2.84%
6 Month12.97%
12 Month19.03%
2 Year40.7%
3 Year-10.53%
5 Year89.53%
10 Year42.66%
15 Year55.3%
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)-0.02
RSI(14)45.73
LBB3.32
UBB3.65
WIPRO LTD-ADR
NYSE:WIT (1/17/2025, 8:04:00 PM)
After market: 3.47 +0.03 (+0.87%)3.44
+0.14 (+4.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg4.24%
1 Week-2.27%
2 Weeks-3.64%
1 Month-7.03%
3 Month2.84%
6 Month12.97%
12 Month19.03%
2 Year40.7%
3 Year-10.53%
5 Year89.53%
10 Year42.66%
15 Year55.3%
Volatility
ATR(14)0.1
ATR(20)%2.69%
ATR Inc160%
Range Today0.19
ADR(20)0.07
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.81
Mansfield0.16
10 Day High3.56
10 Day Low3.28
20 Day High3.75
20 Day Low3.28
52 Week High3.75
52 Week Low2.55
CS1 End3.43
CR1 Start3.45
Volume & EV
DER(3)-1.38%
DER(5)-0.68%
Volume7.78M
Volume Incr51.4%
Vol(5)5.22M
Vol(50)3.39M