WOORI FINANCIAL-SPON ADR (WF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WF - US9810641087 - ADR
Taking everything into account, WF scores 5 out of 10 in our technical rating. In the last year, WF was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
WF has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 53.50, a Stop Loss order could be placed below this zone.
More info and screens
30.60
We found 4 important support areas.
- 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 @33.59 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 2 important areas.
- A resistance zone ranging from 53.90 to 55.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 57.58 to 57.77. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for WF is down. |
| ChartMill Relative Strength | 89.06 | POSITIVE | WF has a high relative strength, it outperformed 89.06% 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) | 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) | 46.67 | NEUTRAL | The RSI value for WF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests WF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.64 | NEUTRAL | The Stochastics value for WF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for WF suggests some volalility. |
| Average Directional Index/ADX (14) | 20.99 | NEUTRAL | The ADX value for WF suggests a possible start of a new trend. |
53.79
+0.28 (+0.52%)
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 5 / 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 46.6682. 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 -0.120406, indicating a bearish trend.
What is the buy/sell signal for WOORI FINANCIAL-SPON ADR (WF) stock?
The buy/sell signal for WOORI FINANCIAL-SPON ADR (WF) is hold as the short term and long term trends are mixed.