WORLD FUEL SERVICES CORP (INT) Stock Technical Analysis
NYSE:INT - New York Stock Exchange, Inc. - US9814751064 - Common Stock - Currency: USD
Overall INT gets a technical rating of 2 out of 10. INT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
INT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.44, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for INT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
22.26
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.12 to 23.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.48 to 22.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 24.40 to 24.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.32 from a horizontal line in the daily time frame.
- Resistance @28.45 from a horizontal line in the daily time frame.
- A resistance zone ranging from 29.07 to 29.25. This zone is formed by a combination of multiple trend lines in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for INT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INT is neutral. |
| ChartMill Relative Strength | 78.34 | POSITIVE | INT has a high relative strength, it outperformed 78.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of INT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.92 | NEUTRAL | The RSI value for INT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests INT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.4 | NEUTRAL | The Stochastics value for INT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for INT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.94 | NEGATIVE | The low ADX value for INT suggests a weak or negative trend. |
24.26
+0.17 (+0.71%)