WOORI FINANCIAL-SPON ADR (WF) Stock Technical Analysis
USA - NYSE:WF - US9810641087 - ADR
56.78 USD
-0.21 (-0.37%)
56.78 USD
0 (0%)
Taking everything into account, WF scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, WF has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, WF did better than 88% of all other stocks. We also observe that the gains produced by WF over the past year are nicely spread over this period.
WF is one of the better performing stocks in the Banks industry, it outperforms 95% of 392 stocks in the same industry.
WF 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 WF has a been trading in the 52.43 - 57.79 range, which is quite wide. It is currently trading near the high of this range.
Although WF has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
30.60
58.35
We found 4 important support areas.
- A support zone ranging from 54.48 to 55.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 52.49 to 53.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.54 from a trend line in the weekly time frame.
- A support zone ranging from 30.91 to 31.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @56.79 from a horizontal line in the weekly time frame.
- Resistance @57.77 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for WF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WF is up. |
| ChartMill Relative Strength | 88.21 | POSITIVE | WF has a high relative strength, it outperformed 88.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.03 | NEUTRAL | The RSI value for WF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests WF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.56 | OVERBOUGHT | The high Stochastics value suggests WF may be overbought. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for WF suggests some volalility. |
| Average Directional Index/ADX (14) | 16.05 | NEGATIVE | The low ADX value for WF suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 56.80 | 54.47 | 2.33 (4.10%) | 24.38% |
| An entry @56.80. This is a Buy Stop order right above the resistance zone. | An exit @54.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.33 points, which is 4.10%. | For a 1.00% total portfolio risk, you can invest 24.38% 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.
56.78
-0.21 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.37%
1 Week2.68%
2 Weeks6.67%
1 Month6.79%
3 Month23.27%
6 Month66.36%
12 Month58.16%
2 Year107.08%
3 Year154.39%
5 Year157.16%
10 Year140.59%
15 Year52.88%
Volatility
ATR(14)1.22
ATR(20)%2.03%
ATR Inc-12.75%
Range Today1.06
ADR(20)0.87
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.21
Mansfield2.82
10 Day High57.79
10 Day Low52.51
20 Day High57.79
20 Day Low52.43
52 Week High57.97
52 Week Low29.44
CS1 End55.59
CR1 Start56.79
Volume & EV
DER(3)2.25%
DER(5)2%
Volume57.80K
Volume Incr-8.25%
Vol(5)43.04K
Vol(50)62.69K