Should I Buy Wipro Ltd Stock?
Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. WIT has several negative signals and is within a falling trend, so we believe it will perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Our analysis conclusion for this stock is a Strong Sell candidate.
WIT stock price ended at $2.86 on Friday, after rising 0.35%
The Wipro Ltd stock price increased by 0.35% on the last trading day (23 May 2025), rising from 2.85 to 2.86. Throughout the last trading session, the stock experienced a fluctuation of 1.05% , ranging from a day low of $2.85 to a day high of 2.88. The price has declined in 6 of the last 10 days, resulting in a total change of 1.42% during this period. On the last day, trading volume decrease by -1.06M shares, with the rising prices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, 4.74M shares were traded, amounting to approximately 13.58M.
WIT Technical Signals
WIT(Wipro Ltd Corp) has 2 buy signals and 2 sell signals now. The current trend is consolidation starting from 2025-05-08. The total price change during this trend is +2.14%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of WIT over the last 5 trading days is 11.08M. Overall, the technical indicator signals lean more toward a Neutral outlook in the mid-term.
WIT Moving Average Analysis
Wipro Ltd's overall moving average trend leans more bearish as of Saturday, May 24, 2025, with 4 negative signals and 0 positive signal. In the mid-term, the SMA_20 being below the SMA_60 signals a strong bearish trend. There will be some resistance from the lines at $3.0629333333333335, and $3.1393333333333335. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $2.815733333333333, and $2.739333333333333. A break-down below any of these levels will issue sell signals.
WIT Short Selling Analysis
The short sale ratio of Wipro Ltd(WIT) as of 16 May 2025 is 15.09%, rising from last trading day. With increasing price from 3.00 to 2.96. The short sell activity indicate that short sellers may be anticipating further declines.
Technical Signal
Technical Signals Summary
Sell
2
Buy
2
Moving Average
Swing
NegativeStock Price Below SMA_5
Short Term
NegativeSMA_5 Below SMA_20
Mid Term
NegativeSMA_20 Below SMA_60
Long Term
NegativeSMA_60 Below SMA_200
Short Selling
Close Price
Short Sale Ratio
Short Sale Volume
2 Bullish Signals
When Value satisfies Signal, Indicator signals Bullish
Indicators
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
0.0398
Bullish
Momentum (10 days)
MOM_10 > 0
0.04
Bullish
2 Bearish Signals
When Value satisfies Signal, Indicator signals Bearish
Indicators
Signal
Value
Meaning
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.00489
Bearish
Moving Average
5-day SMA crosses below 20-day SMA
--
Bearish
WIT Price Prediction & Forecast by Similar Chart Analysis
Based on historical patterns and backtesting of stocks with similar movements to Wipro Ltd(WIT), our algorithm predicts WIT's 1-month price at $2.93, with an -1.09%downwardshift. Using a similarity score up to 93.27%and other factors, This forecast updates weekly, adjusting for significant deviations.
Similar Chart
The price prediction chart for Wipro Ltd (WIT.N) stock, as of Sunday, May 18, 2025 , forecasts a -1.09% change over the next month, based on its high correlation with INFY.N stock patterns. The similarity between their price movements over the analyzed periods is 93.27%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.
WIT
No Data
INFY
Down: -1.09%Similarity: 93.27%
Name
Similarity
Up/Down
INFY.N
93.27%
-1.09%
HZO.N
92.28%
+28.18%
RNR.N
91.64%
-6.84%
JNPR.N
91.44%
-13.65%
OXSQ.O
91.28%
-7.55%
AEE.N
91.12%
+3.98%
AHT.N
90.98%
-3.36%
LUMN.N
90.80%
+0.28%
BC.N
90.74%
+4.79%
ADT.N
90.65%
+1.31%
WIT Seasonality Analysis
Based on WIT's historical stock price data across all years, the probability of a positive return in May is54.55%, suggesting it maybe an ideal month to invest in WIT. In contrast,Januaryoffers the highest probability of positive returns at72.73%, making it a potentially strong month for investment.
However, this is only a prediction based on one method, and a comprehensive assessment of the stock's future trend should consider additional factors. Our final stock price commentary incorporates three main evaluation dimensions: technical signals, Moving Average trends, and similar chart pattern matching, with the first two dimensions carrying the primary weight to ensure a more robust and accurate forecast.
Monthly Seasonality
The radar chart shows that buying Wipro Ltd (WIT.N) stock in January has the highest probability of a positive return (72.73%), while June has the lowest probability (30.00%).
Performance Seasonality
The chart shows Wipro Ltd. (WIT)'s annual stock price return for the past three years, helping you analyze price trends and identify recurring trends on an annual basis.
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FAQ
Should I buy Wipro Ltd (WIT.N) stock?
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