From SIA Charts
1/ WNS Holdings Ltd ADR (WNS)
2/ Candlestick Chart
3/ Point and Figure Chart
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WNS Holdings Ltd ADR (WNS)
Shares of WNS Holdings have once again percolated to the top of the SIA International ADR Index Report, which extensively captures the new SIA-favored asset class: international equity. In the attached SIA matrix position chart, shares of WNS re-entered the favored zone of the SIA International ADR Index Report in early 2025. As they built relative strength during this period, they are now rallying to position #18, up 70 spots in the past month alone and gaining 26.94% year-to-date, well ahead of any benchmark.
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Candlestick Chart
In the attached weekly candlestick chart, which dates back to 2020, we have drawn an apparent downslope line in red that plagued the shares since 2023. However, the last action circled in green appears to have broken this intermediate downtrend, potentially alleviating the technical power struggle against the sellers. Volume is also highlighted in the chart, where a marked improvement might signal renewed interest in this USA/India-headquartered company.
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Point and Figure Chart
The final chart presented is the SIA point-and-figure chart, scaled at 2% for an investment-grade technical analysis of WNS shares. Here, we can visualize the declines from the peak of $92.34 in the spring of 2022, as denoted by the red downslope line. Shares found support at $39.41 as buyers and sellers duked it out through 2024, but the buyers appear to be taking control. Shares of WNS have once again turned to a positive trend and rallied through the resistance that had formed in 2024 around the $60 mark. In doing so, the shares have now completed a point-and-figure catapult formation and rallied to near new resistance at $68.61, which dates back to 2020, with additional resistance at $75.75 from 2019. However, most notable is that the shares are improving on a relative basis, observable through the SIA overlay tool. This tool allows us to visually see WNS’s changing position within the SIA International ADR Index Report, where the shares have again turned green, denoting their favored position. Support now looks to be at $55.18, with the bottom green line adding another support level at $39.41. Finally, the SIA SMAX score shows a perfect near-term reading of 10 out of 10, which may further support this relative strength gainer against a basket of other asset classes. WNS (Holdings) Limited, founded in 1996 and headquartered in Mumbai, India, is a global leader in business process management, offering a wide range of services across industries such as healthcare, banking, telecommunications, and more. The company provides solutions in areas such as finance and accounting, customer experience, research and analytics, and digital transformation, helping businesses improve efficiency and stay competitive. Additionally, WNS offers specialized services in automobile claims handling, repair management, and accident management through a network of third-party centers.
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Originally posted 9th April 2025
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