WIT technical analysis
WIT Technical Analysis
Analysis date
August 7, 2026
Market
NYSE (USD)
Daily cutoff
August 6, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
WIT Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- WIT
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 6, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 1.99 | August 6, 2026 | - | Verified |
| Verification series | 1.99 | August 6, 2026 | 0.00% | Verified |
Bottom line
WIT Technical Analysis Summary
WIT shows a short-term bounce inside a longer downtrend. On the daily timeframe price has recovered above the SMA20 near 1.89 but remains below the SMA50 near 2.04 and the SMA200 near 2.32. RSI near 53 is neutral while the MACD histogram has turned positive, pointing to modest improvement, yet volume on the bounce is well below average. The weekly picture is clearly bearish with price below all major moving averages and momentum still negative. Key support rests near the 20-day and 60-day low around 1.73, which also sits close to the 52-week low. Resistance is at the 20-day high near 2.08, followed by the SMA200 near 2.32 and the 60-day high near 2.50. A break below 1.73 would extend the decline to new 52-week lows; a sustained move above 2.50 would signal a stronger reversal.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 6, 2026)
- Trend
- Mixed with early signs of recovery. Price at 1.99 is above the SMA20 (1.89) but below the SMA50 (2.04) and the SMA200 (2.32). The moving averages remain stacked in a declining order, so the recent rebound is still a counter-trend move within a longer downtrend.
- Momentum
- Neutral with improvement. RSI14 at 53.42 sits in neutral territory. The MACD line at 0.01 has crossed above the signal line at -0.02 with a positive histogram of 0.03, indicating modest upside momentum building from a low base.
- Volatility
- Elevated. ATR14 at 0.09 equals about 4.4% of price. Bollinger Bands (1.72 to 2.07) are wide, with price trading in the upper half near the upper band.
- Volume
- Below average. Latest volume of about 4.33 million is only 47% of the 20-day average (about 9.14 million), suggesting the bounce is happening on light participation.
Assessment
The daily chart shows a bounce inside a downtrend. Price has climbed back above the SMA20, RSI is neutral, and the MACD histogram has turned positive. However, price still sits below the SMA50 and SMA200, and volume is well below average, so the move lacks strong confirmation. A close above the 20-day high near 2.08 would strengthen the case for a larger rebound, while a drop back below the SMA20 near 1.89 would weaken it.
Weekly (July 27, 2026 week)
- Trend
- Bearish. Price at 1.98 is below the SMA20 (2.05), the SMA50 (2.39), and the SMA200 (2.59), with all averages sloping downward in a bearish stack.
- Momentum
- Bearish. RSI14 at 43.93 is on the weak side of neutral. The MACD line at -0.13 is marginally below the signal line at -0.13, with the histogram essentially flat near zero, indicating momentum is negative but not accelerating.
- Volatility
- Elevated. ATR14 at 0.21 equals about 10.5% of price, reflecting wide weekly swings during the decline.
- Volume
- Moderately below average. Weekly volume of about 47.3 million is 83% of the 20-week average (about 57.3 million).
Assessment
The weekly chart confirms a clear downtrend. Price trades below all major moving averages, RSI is weak, and MACD remains negative. WIT is holding just above the 52-week low near 1.73, and the absence of deeply oversold RSI readings suggests sellers are not yet exhausted. A sustained break above the SMA20 near 2.05 would be the first sign of stabilization.
Key indicators
WIT Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 53.42 | 43.93 |
| MACD (12, 26, 9) | 0.01 / -0.02 / 0.03 | -0.13 / -0.13 / 0.00 |
| ATR (14) | 0.09 (4.40%) | 0.21 (10.47%) |
| Bollinger Bands (20, 2) | 1.72 - 2.07 | 1.74 - 2.36 |
| SMA (20) | 1.89 | 2.05 |
| SMA (50) | 2.04 | 2.39 |
| SMA (200) | 2.32 | 2.59 |
Price structure
WIT Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 1.99 | 1.98 |
| 1-Period Return | -0.50% | +7.08% |
| 5-Period Return | +2.05% | -11.78% |
| 20-Period Return | +8.79% | -11.39% |
| 60-Period Return | +5.93% | -29.31% |
| 252-Period Return | -24.90% | -52.73% |
| 52-Week Low | 1.73 | 1.73 |
| 52-Week High | 3.06 | 3.06 |
| 52-Week Position | 19.60% | 18.84% |
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 | 2.08 | 2.50 |
| 20-Period Low | 1.73 | 1.73 |
| 60-Period High | 2.50 | 3.06 |
| 60-Period Low | 1.73 | 1.73 |
Scenarios
WIT Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price holds above the 20-day low near 1.73, closes back above the SMA20 (1.89), and then breaks above the 20-day high near 2.08 with rising volume.
Invalidation
Price closes below the 60-day low of 1.73, making a new 52-week low.
What to watch
Sustained closes above the SMA50 (2.04); volume rising back toward the 20-day average; the MACD histogram expanding further above zero; IT services demand and deal pipeline trends.
Range-Bound
Trigger
Price continues to oscillate between the 20-day low near 1.73 and the 20-day high near 2.08.
Invalidation
A decisive close outside either boundary with rising volume.
What to watch
RSI staying between 40 and 60; volume remaining below average; price holding near the SMA20.
Bearish
Trigger
Price breaks below the 20-day and 60-day low of 1.73, extending the downtrend to fresh 52-week lows.
Invalidation
Price reclaims the SMA20 (1.89) and holds above it.
What to watch
Closes below 1.73; rising downside volume; RSI falling below 30; continued softness in global IT services spending.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 6, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
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.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 6, 2026, weekly July 27, 2026 week. Generated August 7, 2026.
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