WOODSIDE ENERGY GROUP-ADR (WDS) Technical Analysis
NYSE:WDS • US9802283088
Current stock price
WDS Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to WDS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WDS is showing a nice and steady performance.
- 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 92% of all other stocks. On top of that, WDS also shows a nice and consistent pattern of rising prices.
- WDS is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. WDS outperforms 82% of them.
- WDS 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.
- In the last month WDS has a been trading in the 22.02 - 25.19 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- WDS has an average volume of 1363700 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 resistance zone just above the current price starting at 24.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.82, a Stop Loss order could be placed below this zone.
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WDS Support and Resistance Analysis
14.14
When analyzing the support we can see 5 important areas.
- A support zone ranging from 23.37 to 23.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.39 from a trend line in the daily time frame.
- Support @16.40 from a trend line in the weekly time frame.
- Support @15.06 from a trend line in the daily time frame.
- Support @14.28 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.78 to 24.78. 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 | 92.81 | POSITIVE | WDS has a high relative strength, it outperformed 92.81% 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) | 57.82 | NEUTRAL | The RSI value for WDS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests WDS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.48 | NEUTRAL | The Stochastics value for WDS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for WDS suggests some volalility. |
| Average Directional Index/ADX (14) | 29.92 | 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 |
|---|---|---|---|
| 24.79 | 23.36 | 1.43 (5.77%) | 17.34% |
| An entry @24.79. This is a Buy Stop order right above the resistance zone. | An exit @23.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.43 points, which is 5.77%. | For a 1.00% total portfolio risk, you can invest 17.34% of your capital in this trade. |
- 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
23.94
+0.26 (+1.1%)
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.
What is the current trend direction of WOODSIDE ENERGY GROUP-ADR (WDS) stock?
The current trend direction for WOODSIDE ENERGY GROUP-ADR (WDS) is Bullish.
What is the RSI signal for WDS stock?
WOODSIDE ENERGY GROUP-ADR (WDS) has an RSI value of 57.8173. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WOODSIDE ENERGY GROUP-ADR?
The MACD indicator for WOODSIDE ENERGY GROUP-ADR (WDS) has a value of -0.22002, indicating a bearish trend.
Can you provide the short term momentum for WOODSIDE ENERGY GROUP-ADR?
The short term momentum for WOODSIDE ENERGY GROUP-ADR (WDS) is positive.