Wipro Limited Adr Stock Technical Analysis

WIT Stock  USD 5.74  0.04  0.70%   
As of the 28th of March, Wipro Limited maintains the Downside Deviation of 2.16, market risk adjusted performance of (0.33), and Mean Deviation of 1.45. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Wipro Limited ADR, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for Wipro Limited ADR, which can be compared to its rivals. Please check out Wipro Limited ADR information ratio and downside variance to decide if Wipro Limited ADR is priced fairly, providing market reflects its latest price of 5.74 per share. Given that Wipro Limited ADR has jensen alpha of 0.2305, we strongly advise you to confirm Wipro Limited ADR's prevalent market performance to make sure the company can sustain itself at a future point.

Wipro Limited Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Wipro, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Wipro
  
Wipro Limited's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Wipro Limited Analyst Consensus

Target PriceAdvice# of Analysts
4.27Sell8Odds
Wipro Limited ADR current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Wipro analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Wipro stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Wipro Limited ADR, talking to its executives and customers, or listening to Wipro conference calls.
Wipro Analyst Advice Details
Wipro Limited technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Wipro Limited technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Wipro Limited trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Wipro Limited ADR Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Wipro Limited ADR volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Wipro Limited ADR Trend Analysis

Use this graph to draw trend lines for Wipro Limited ADR. You can use it to identify possible trend reversals for Wipro Limited as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Wipro Limited price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Wipro Limited Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Wipro Limited ADR applied against its price change over selected period. The best fit line has a slop of   0.01  , which may imply that Wipro Limited ADR will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 3.18, which is the sum of squared deviations for the predicted Wipro Limited price change compared to its average price change.

About Wipro Limited Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Wipro Limited ADR on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Wipro Limited ADR based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Wipro Limited ADR price pattern first instead of the macroeconomic environment surrounding Wipro Limited ADR. By analyzing Wipro Limited's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Wipro Limited's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Wipro Limited specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Earnings Ratio26.217.7920.4634.07
Short Term Coverage Ratios1.061.341.541.46

Wipro Limited March 28, 2024 Technical Indicators

Most technical analysis of Wipro help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Wipro from various momentum indicators to cycle indicators. When you analyze Wipro charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Wipro Limited ADR is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Wipro Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Wipro Limited Adr Stock. Highlighted below are key reports to facilitate an investment decision about Wipro Limited Adr Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wipro Limited ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for Wipro Stock analysis

When running Wipro Limited's price analysis, check to measure Wipro Limited's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wipro Limited is operating at the current time. Most of Wipro Limited's value examination focuses on studying past and present price action to predict the probability of Wipro Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wipro Limited's price. Additionally, you may evaluate how the addition of Wipro Limited to your portfolios can decrease your overall portfolio volatility.
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Is Wipro Limited's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wipro Limited. If investors know Wipro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wipro Limited listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.07)
Dividend Share
1
Earnings Share
0.26
Revenue Per Share
169.494
Quarterly Revenue Growth
(0.04)
The market value of Wipro Limited ADR is measured differently than its book value, which is the value of Wipro that is recorded on the company's balance sheet. Investors also form their own opinion of Wipro Limited's value that differs from its market value or its book value, called intrinsic value, which is Wipro Limited's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wipro Limited's market value can be influenced by many factors that don't directly affect Wipro Limited's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wipro Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wipro Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wipro Limited's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.