WOORI FINANCIAL-SPON ADR (WF) Technical Analysis
NYSE:WF • US9810641087
Current stock price
WF Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to WF. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, WF did better than 89% 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 99% of 376 stocks in the same industry.
- In the last month WF has a been trading in the 63.64 - 75.65 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.
- WF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WF is lagging the market.
WF Weekly and Daily overview Charts
WF Setup Rating and Analysis
Besides having an excellent technical rating, WF also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 68.17, a Stop Loss order could be placed below this zone.
More info and screens
WF Support and Resistance Analysis
30.60
We found 5 important support areas.
- A support zone ranging from 67.52 to 68.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 64.25 to 64.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 55.53 to 56.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @53.10 from a horizontal line in the daily time frame.
- Support @30.91 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @71.72 from a trend line in the daily time frame.
- A resistance zone ranging from 74.32 to 74.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
WF 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 WF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WF is neutral. |
| ChartMill Relative Strength | 89.52 | POSITIVE | WF has a high relative strength, it outperformed 89.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WF is below a declining 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) | 51.36 | NEUTRAL | The RSI value for WF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests WF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.79 | NEUTRAL | The Stochastics value for WF is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for WF suggests some volalility. |
| Average Directional Index/ADX (14) | 15.06 | NEGATIVE | The low ADX value for WF suggests a weak or negative trend. |
WF Chart- and CandleStick Pattern Analysis
WF 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 |
|---|---|---|---|
| 71.73 | 67.51 | 4.22 (5.88%) | 17.00% |
| An entry @71.73. This is a Buy Stop order right above the resistance zone. | An exit @67.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.22 points, which is 5.88%. | When investing 17.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
WF Technicals: Chart, Performance Metrics, Trend & Indicators
69.9
-0.76 (-1.08%)
WOORI FINANCIAL-SPON ADR / WF TA FAQ
What is the ChartMill technical rating of WOORI FINANCIAL-SPON ADR (WF) stock?
ChartMill assigns a technical rating of 8 / 10 to WF.
What is the trend direction for WF stock?
The current trend direction for WOORI FINANCIAL-SPON ADR (WF) is Bullish.
What is the RSI signal for WOORI FINANCIAL-SPON ADR (WF) stock?
WOORI FINANCIAL-SPON ADR (WF) has an RSI value of 51.3552. This indicates that the stock is currently neutral.
What is the MACD signal for WF stock?
The MACD indicator for WOORI FINANCIAL-SPON ADR (WF) has a value of -0.196547, indicating a bearish trend.
What is the support and resistance level for WF stock?
WOORI FINANCIAL-SPON ADR (WF) has a support level at 68.17 and a resistance level at 71.72. Check the full technical report for our detailed analysis of WF support and resistance levels.