WEATHERFORD INTERNATIONAL PL (WFRD) Stock Technical Analysis
NASDAQ:WFRD - Nasdaq - IE00BLNN3691 - Common Stock - Currency: USD
Overall WFRD gets a technical rating of 5 out of 10. In the past year, WFRD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, WFRD is a bad performer in the overall market: 83% of all stocks are doing better.
WFRD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month WFRD has a been trading in the 47.29 - 59.60 range, which is quite wide. It is currently trading near the high of this range.
WFRD has an average volume of 1114390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WFRD is part of the Energy Equipment & Services industry. There are 62 other stocks in this industry, WFRD did better than 49% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
WFRD has an average technical rating and it also does not offer a high quality setup 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
51.38
58.97
When analyzing the support we notice one important area.
- A support zone ranging from 51.90 to 55.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 58.39 to 58.39. 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 | NEUTRAL | NEUTRAL | The long term trend for WFRD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WFRD is up. |
| ChartMill Relative Strength | 17.98 | NEGATIVE | WFRD has a low relative strength, it was outperformed by 82.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WFRD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WFRD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WFRD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.34 | NEUTRAL | The RSI value for WFRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WFRD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.28 | NEUTRAL | The Stochastics value for WFRD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for WFRD suggests some volalility. |
| Average Directional Index/ADX (14) | 17.63 | NEGATIVE | The low ADX value for WFRD 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)
58.38
+2.65 (+4.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg4.76%
1 Week10.72%
2 Weeks3.47%
1 Month20.69%
3 Month36.59%
6 Month-16.87%
12 Month-50.26%
2 Year-29.75%
3 Year152.4%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.48
ATR(20)%4.2%
ATR Inc42.88%
Range Today3.46
ADR(20)2.4
ADR(20)%4.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.98
Mansfield-2.32
10 Day High59.6
10 Day Low52.33
20 Day High59.6
20 Day Low47.29
52 Week High121.69
52 Week Low36.74
CS1 End55.24
CR1 Start58.39
Volume & EV
DER(3)-1.34%
DER(5)-1.87%
Volume2.24M
Volume Incr22.93%
Vol(5)1.37M
Vol(50)1.11M