WOORI FINANCIAL-SPON ADR (WF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WF - US9810641087 - ADR
We assign a technical rating of 10 out of 10 to WF. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WF is showing a nice and steady performance.
WF has an excellent technical rating, but the quality of the setup is only medium 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
5 important support areas can be observed.
- A support zone ranging from 54.90 to 55.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.66 to 53.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.43 from a horizontal line in the daily time frame.
- Support @33.69 from a trend line in the weekly 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 57.58 to 58.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 90.31 | POSITIVE | WF has a high relative strength, it outperformed 90.31% 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) | 51.39 | NEUTRAL | The RSI value for WF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests WF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.19 | NEUTRAL | The Stochastics value for WF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for WF suggests some volalility. |
| Average Directional Index/ADX (14) | 15.86 | NEGATIVE | The low ADX value for WF suggests a weak or negative trend. |
56.3
-0.56 (-0.98%)
WOORI FINANCIAL-SPON ADR / WF FAQ
What is the ChartMill technical rating of WOORI FINANCIAL-SPON ADR (WF) stock?
ChartMill assigns a technical rating of 10 / 10 to WF.
Can you provide the trend direction for WOORI FINANCIAL-SPON ADR?
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 51.3942. This indicates that the stock is currently neutral.
What is the MACD signal for WOORI FINANCIAL-SPON ADR (WF) stock?
The MACD indicator for WOORI FINANCIAL-SPON ADR (WF) has a value of 0.0329587, indicating a bearish trend.