Is Wipro Ltd (WIT) Stock About to Get Hot Tuesday?

The market has been down on Wipro Ltd (WIT) stock recently. WIT gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Wipro Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on WIT!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With WIT Stock Today?

Wipro Ltd (WIT) stock is trading at $4.72 as of 1:30 PM on Tuesday, Nov 28, an increase of $0.03, or 0.64% from the previous closing price of $4.68. The stock has traded between $4.68 and $4.72 so far today. Volume today is less active than usual. So far 420,086 shares have traded compared to average volume of 1,614,087 shares.

More About Wipro Ltd

Wipro is a leading global IT services provider, with 175,000 employees. Based in Bengaluru, the Indian IT services firm leverages its offshore outsourcing model to derive over half of its revenue (57%) from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service. Click Here to get the full Stock Report for Wipro Ltd stock.