WOODSIDE ENERGY GROUP-ADR (WDS) Technical Analysis
NYSE:WDS • US9802283088
Current stock price
WDS Technical Rating and Analysis
Taking everything into account, WDS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, WDS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, WDS did better than 91% of all other stocks.
- WDS is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. WDS outperforms 74% of them.
- WDS is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so WDS is leading the market.
- WDS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- WDS has an average volume of 1069990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WDS Weekly and Daily overview Charts
WDS Setup Rating and Analysis
Besides having an excellent technical rating, WDS also presents 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 support zone below the current price at 22.18, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WDS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
WDS Support and Resistance Analysis
14.14
We found 6 important support areas.
- A support zone ranging from 21.91 to 22.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.40 from a horizontal line in the daily time frame.
- Support @20.22 from a trend line in the daily time frame.
- Support @15.96 from a trend line in the weekly time frame.
- Support @15.42 from a horizontal line in the daily time frame.
- Support @14.28 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.34 to 22.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
WDS Technical Indicator Signal Analysis
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 WDS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WDS is up. |
| ChartMill Relative Strength | 91.81 | POSITIVE | WDS has a high relative strength, it outperformed 91.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WDS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WDS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WDS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.7 | OVERBOUGHT | The high RSI value suggests WDS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WDS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.22 | OVERBOUGHT | The high Stochastics value suggests WDS may be overbought. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for WDS suggests some volalility. |
| Average Directional Index/ADX (14) | 51.08 | POSITIVE | The high ADX value value for WDS suggests a strong trend. |
WDS Chart- and CandleStick Pattern Analysis
WDS Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.35 | 21.90 | 0.45 (2.01%) | 25.00% |
| An entry @22.35. This is a Buy Stop order right above the resistance zone. | An exit @21.90. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.45 points, which is 2.01%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.50%. |
- The distance between exit and entry is rather small compared to the average daily movement of WDS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
WDS Technicals: Chart, Performance Metrics, Trend & Indicators
22.19
-0.14 (-0.63%)
WOODSIDE ENERGY GROUP-ADR / WDS TA FAQ
What is the technical rating for WDS stock?
ChartMill assigns a technical rating of 10 / 10 to WDS.
Can you provide the trend direction for WOODSIDE ENERGY GROUP-ADR?
The current trend direction for WOODSIDE ENERGY GROUP-ADR (WDS) is Bullish.
Can you provide the RSI signal for WOODSIDE ENERGY GROUP-ADR?
WOODSIDE ENERGY GROUP-ADR (WDS) has an RSI value of 70.6985. This indicates that the stock is currently overbought.
What is the short term momentum for WOODSIDE ENERGY GROUP-ADR (WDS) stock?
The short term momentum for WOODSIDE ENERGY GROUP-ADR (WDS) is positive.
What is the buy/sell signal for WOODSIDE ENERGY GROUP-ADR (WDS) stock?
The buy/sell signal for WOODSIDE ENERGY GROUP-ADR (WDS) is buy as both the short term and long term trends are positive.