Waddell & Reed Financial (WDR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WDR -
We assign a technical rating of 2 out of 10 to WDR. In the last year, WDR was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- WDR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the performance of all stocks over the past year, WDR turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- In the last month WDR has a been trading in a tight range between 24.92 and 25.21.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, WDR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.94, a Stop Loss order could be placed below this zone.
More info and screens
18.15
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.75 to 24.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.33 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.98 to 25.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for WDR is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WDR is down. |
| ChartMill Relative Strength | 67.31 | NEUTRAL | WDR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WDR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WDR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WDR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.45 | NEUTRAL | The RSI value for WDR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WDR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.55 | OVERBOUGHT | The high Stochastics value suggests WDR may be overbought. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for WDR suggests low volalility. |
24.98
-0.01 (-0.04%)
Waddell & Reed Financial / WDR FAQ
What is the technical rating for WDR stock?
ChartMill assigns a technical rating of 2 / 10 to WDR.
What is the trend direction for WDR stock?
The current trend direction for Waddell & Reed Financial (WDR) is Bullish.
What is the RSI signal for Waddell & Reed Financial (WDR) stock?
Waddell & Reed Financial (WDR) has an RSI value of 46.4529. This indicates that the stock is currently neutral.
What is the buy/sell signal for WDR stock?
The buy/sell signal for Waddell & Reed Financial (WDR) is hold as the short term and long term trends are mixed.
What is the support and resistance level for WDR stock?
Waddell & Reed Financial (WDR) has a support level at 24.94 and a resistance level at 24.98. Check the full technical report for our detailed analysis of WDR support and resistance levels.