WIT Price Prediction Next Week
Technical Analysis: Based on recent price action, WIT stock has shown mixed performance with a notable 14.24% gain in January following better-than-expected Q3 financial results. However, the stock has since pulled back and is currently trading around $3.62.
Support and Resistance Levels:
- Current support: $3.50 (DBS analyst price target)
- Resistance: $3.72 (Recent high from January)
News Sentiment Analysis:
- Positive: Recent partnership with Veuu to enhance healthcare payments using AI
- Neutral to Cautious: DBS analyst maintains Hold rating citing:
- Challenges in converting deal wins to revenue growth
- Cautious guidance for upcoming quarter
- Margin pressures from high attrition rates
Price Prediction for Next Week: Based on technical indicators and news sentiment:
- Expected trading range: $3.55 - $3.70
- Most likely scenario: Slight downward pressure with target price of $3.58
Trading Recommendation: SELL Rationale:
- Stock is facing resistance after recent rally
- Analyst concerns about deal conversion and margin pressures
- Cautious guidance suggests limited upside potential
- Technical indicators showing overbought conditions after January's sharp rise
Target Entry/Exit Points:
- Entry (Sell) Price: Current market price ($3.62)
- Target Exit: $3.58
- Stop Loss: $3.70
WIT Similar Chart Price Prediction
The price of WIT is predicted to go up -10.81%, based on the high correlation periods with EFSC. The similarity of these two price pattern on the periods is 95.54%.
WIT
EFSC
Down: -10.81%Similarity: 95.54%
WIT Revenue Forecast
WIT EPS Forecast
WIT FAQs
What is WIT revenue forecast for next quarter？
What is WIT eps forecast for next quarter？
WIT VS S&P500
Wipro could benefit from greater margin expansion than expected in our base case as more automated tech solutions decrease the variable costs associated with each incremental sale.
Wipro should profit from a wave of demand for more flexible IT infrastructures following the COVID-19 pandemic, as more companies seek to be prepared for similar events.
As European firms become more comfortable with outsourcing their IT workloads offshore, Wipro should expand its market share in the growing geography.
