WOORI FINANCIAL-SPON ADR (WF) Technical Analysis
NYSE:WF • US9810641087
Current stock price
WF Technical Rating and Analysis
Taking everything into account, WF scores 7 out of 10 in our technical rating. 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.
- WF is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Looking at the yearly performance, WF did better than 93% of all other stocks. On top of that, WF also shows a nice and consistent pattern of rising prices.
- WF is one of the better performing stocks in the Banks industry, it outperforms 99% of 381 stocks in the same industry.
- 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.
- WF is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WF is lagging the market slightly.
WF Weekly and Daily overview Charts
WF Setup Rating and Analysis
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
WF Support and Resistance Analysis
30.60
When analyzing the support we can see 5 important areas.
- A support zone ranging from 64.46 to 65.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.68 from a trend line in the daily time frame.
- Support @55.53 from a horizontal line 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 66.95 to 66.95. 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 | DOWN | NEGATIVE | The short term trend for WF is down. |
| ChartMill Relative Strength | 93.83 | POSITIVE | WF has a high relative strength, it outperformed 93.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WF is below 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) | 43.83 | NEUTRAL | The RSI value for WF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.91 | NEGATIVE | The MACD value suggests WF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.69 | OVERSOLD | The low Stochastics value suggests WF may be oversold. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for WF suggests some volalility. |
| Average Directional Index/ADX (14) | 30.92 | POSITIVE | The high ADX value value for WF suggests a strong trend. |
WF Chart- and CandleStick Pattern Analysis
WF Technicals: Chart, Performance Metrics, Trend & Indicators
66.94
+0.91 (+1.38%)
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 7 / 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 WF stock?
WOORI FINANCIAL-SPON ADR (WF) has an RSI value of 43.8318. This indicates that the stock is currently neutral.
What is the short term momentum for WF stock?
The short term momentum for WOORI FINANCIAL-SPON ADR (WF) is negative.
Can you provide the buy/sell signal for WOORI FINANCIAL-SPON ADR?
The buy/sell signal for WOORI FINANCIAL-SPON ADR (WF) is hold as the short term and long term trends are mixed.