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Stock Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Wipro Limited (NYSE:WIT)

Sidelines Mode (-55) - WIT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid WIT?

MarketClub looks at technical strength and momentum to determine if the timing is right for WIT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_WIT
Open High Low WIT Price Change
5.740 5.770 5.730 5.755 +0.055
Entry Signal

MarketClub’s Trade Triangles for WIT

long term up The long-term trend has been UP since Dec 18th, 2023 at 5.310

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 6.095

short term up The short-term trend has been UP since Mar 28th, 2024 at 5.720

Smart Scan Analysis for WIT

Based on our trend formula, WIT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for WIT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.740 5.770 5.730 5.755 +0.055
Prev. Close Volume Bid Ask Time
5.750 1984138 2024-03-28 15:59:56
Year High5.99Year High Date2018-01-16
Year Low4.5Year Low Date2018-05-23
52wk High6.4552wk High Date2024-02-16
52wk Low4.3252wk Low Date2023-04-19
Year End Close8.76Average Volume2,270,236
Shares Outstanding6,199,093Short Interest5,429,758
% Institutional80.1Market Cap22,115M
Assets112,511,700MLiabilities394,854,000M
P/E Ratio16.0884Beta1.41
Volatility28.83
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