Stock Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
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.
MarketClub’s Trade Triangles for WIT
The long-term trend has been UP since Jul 14th, 2020 at 3.48
The intermediate-term trend has been UP since Oct 14th, 2021 at 9.70
The short-term trend has been DOWN since Oct 20th, 2021 at 9.75
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).
|Year High||5.99||Year High Date||2018-01-16|
|Year Low||4.5||Year Low Date||2018-05-23|
|52wk High||9.96||52wk High Date||2021-10-19|
|52wk Low||4.76||52wk Low Date||2020-11-02|
|Year End Close||8.76||Average Volume||2,064,068|
|Shares Outstanding||6,199,093||Short Interest||5,429,758|
|% Institutional||80.1||Market Cap||22,115M|