WIT technical analysis
WIT Technical Analysis
Analysis date
July 17, 2026
Market
NYSE (USD)
Daily cutoff
July 16, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
WIT Data Verification
Cross-validating the latest completed daily bar across independent sources.
- Symbol
- WIT
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- July 16, 2026
No adjustment factor (adjusted close equals raw close, factor 1.0). No stock splits or dividend adjustments affecting the analysis period.
| Source | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Financial Modeling Prep (FMP) | 26.85 | July 16, 2026 | - | Verified |
| Massive API (independent) | 26.85 | July 16, 2026 (previous close) | 0.00% | Verified |
Bottom line
WIT Technical Analysis Summary
WIT displays a moderately bullish technical picture on the daily timeframe with price trading above its SMA20 and SMA50, though the SMA200 remains above current price, indicating the longer-term trend is still recovering. RSI near 57 shows mild bullish momentum without approaching overbought territory. The MACD histogram is positive and rising, signaling building upside momentum. On the weekly timeframe, the picture is more neutral with price testing SMA20 resistance. Key support rests at the 20-day low near 24.80 and the 60-day low near 23.50. Resistance is at the 52-week high around 28.90. A breakout above 28.90 would signal a significant trend shift; a breakdown below 23.50 would suggest renewed bearish pressure.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (July 16, 2026)
- Trend
- Moderately Bullish. Price at 26.85 is above SMA20 (25.92) and SMA50 (25.68), but below SMA200 (27.15). The SMA20 is above SMA50, confirming short-term bullish alignment. The SMA200 sloping sideways suggests the long-term trend is in transition.
- Momentum
- Mildly Bullish. RSI14 at 57.32 is in neutral-bullish territory, below the 70 overbought threshold. MACD at 0.42 with signal at 0.31 and a positive rising histogram of 0.11 indicates gradually building bullish momentum.
- Volatility
- Moderate. ATR14 at 0.68 (2.53% of price) suggests average daily movement of about 2.5%. Bollinger Bands (23.90 to 27.80) are moderately wide with price near the upper half, reflecting mild upward pressure.
- Volume
- Near average. Latest volume of 2,845,300 is 94% of the 20-period average (3,025,000), indicating normal participation levels during the recent advance.
Assessment
The daily chart shows a recovering trend with price moving above short-term moving averages. RSI is in bullish territory with room to run, and the rising MACD histogram confirms building momentum. The key level to watch is the SMA200 at 27.15 — a sustained close above this level would confirm the trend shift from recovery to established uptrend. Volume near average provides no strong confirmation either way.
Weekly (July 10, 2026 week)
- Trend
- Neutral. Price at 26.75 is near the SMA20 (26.50), above SMA50 (25.10), but below SMA200 (28.60). The SMA200 is sloping slightly downward, reflecting the longer-term bearish context that is gradually improving.
- Momentum
- Neutral. RSI14 at 52.40 is in neutral territory, indicating no strong directional bias. MACD at 0.85 with signal at 0.72 and a flat histogram of 0.13 suggests momentum is neither accelerating nor decelerating significantly.
- Volatility
- Moderate. ATR14 at 1.32 (4.93% of price) reflects normal weekly ranges for a mid-cap IT services stock.
- Volume
- Slightly below average. Weekly volume of 13,100,400 is 88% of the 20-week average (14,886,000), indicating slightly reduced participation.
Assessment
The weekly chart shows a neutral-to-improving picture. Price is consolidating near the SMA20 after recovering from lower levels. The RSI near 52 provides no strong signal. The SMA200 sloping downward at 28.60 represents the key resistance that needs to be overcome for a full trend reversal. The weekly picture suggests WIT is in a basing/consolidation phase that could resolve either way.
Key indicators
WIT Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 57.32 | 52.40 |
| MACD (12, 26, 9) | 0.42 / 0.31 / 0.11 | 0.85 / 0.72 / 0.13 |
| ATR (14) | 0.68 (2.53%) | 1.32 (4.93%) |
| Bollinger Bands (20, 2) | 23.90 - 27.80 | 22.40 - 29.10 |
| SMA (20) | 25.92 | 26.50 |
| SMA (50) | 25.68 | 25.10 |
| SMA (200) | 27.15 | 28.60 |
Price structure
WIT Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 26.85 | 26.75 |
| 1-Period Return | +0.75% | +1.52% |
| 5-Period Return | +2.48% | +3.20% |
| 20-Period Return | +4.85% | +8.60% |
| 60-Period Return | +12.30% | +22.40% |
| 252-Period Return | +18.50% | +35.80% |
| 52-Week Low | 19.20 | 19.20 |
| 52-Week High | 28.90 | 28.90 |
| 52-Week Position | 67.50% | 65.80% |
Key levels
WIT Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 27.80 | 27.50 |
| 20-Period Low | 24.80 | 24.20 |
| 60-Period High | 28.90 | 28.90 |
| 60-Period Low | 23.50 | 22.10 |
Scenarios
WIT Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price breaks above the SMA200 at 27.15 and then the 52-week high at 28.90 with above-average volume.
Invalidation
Price falls below the 60-day low of 23.50.
What to watch
Sustained close above 27.15 (SMA200) followed by volume confirmation; RSI holding above 55 on pullbacks; IT services sector strength.
Range-Bound
Trigger
Price continues to oscillate between 24.80 support and 27.80 resistance.
Invalidation
A decisive break of either boundary with increasing volume.
What to watch
RSI staying between 45 and 60; volume remaining near or below average; consolidation near SMA200.
Bearish
Trigger
Price breaks below the 20-day low at 24.80 and then the 60-day low at 23.50.
Invalidation
Price reclaims the SMA50 (25.68) and holds above it.
What to watch
Sustained closes below SMA20 (25.92); increasing downside volume; MACD histogram turning negative; weakness in global IT spending outlook.
Methodology
Methodology and Limitations
This technical analysis uses adjusted closing prices from Financial Modeling Prep (FMP, primary) and Massive API (independent cross-validation). The daily analysis covers approximately 2 years (500 completed bars) ending July 16, 2026. The weekly analysis covers approximately 5 years (261 completed bars) ending the week of July 10, 2026. Prices are adjusted for dividends and stock splits using the adjusted close/raw close ratio. Volume data is from the primary source and may not match other data providers. Technical indicators include SMA, RSI, MACD, ATR, and Bollinger Bands using standard parameters. Key levels are identified from recent swing highs and lows. Technical analysis studies historical price patterns and does not constitute investment advice. It should not be used as the sole basis for trading decisions.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data sourced from Yahoo Finance (primary) and Finviz (independent cross-validation). Data cutoffs: daily July 16, 2026, weekly July 10, 2026 week. Generated July 17, 2026.
Related Tools
AI Chart Analyzer
Upload a TradingView chart screenshot and get instant AI-powered technical analysis. Identify patterns, support and resistance, and key levels.
Support and Resistance Calculator
Calculate key support and resistance levels for any stock. Identify potential price zones where reversals or breakouts may occur.
RSI Calculator
Calculate the Relative Strength Index for any stock. Determine overbought and oversold conditions with customizable periods.