WEATHERFORD INTERNATIONAL PL (WFRD) Stock Technical Analysis
USA - NASDAQ:WFRD - IE00BLNN3691 - Common Stock
62.29 USD
-0.76 (-1.21%)
62.29 USD
0 (0%)
We assign a technical rating of 3 out of 10 to WFRD. In the last year, WFRD was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
74% of all other stocks performed better in the past year than WFRD.
In the last month WFRD has a been trading in the 60.84 - 70.28 range, which is quite wide. It is currently trading near the lows of this range.
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.
WFRD is an average performer in the Energy Equipment & Services industry, it outperforms 46% of 61 stocks in the same industry.
WFRD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WFRD is lagging the market.
Although the technical rating is bad, WFRD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 61.44, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WFRD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
60.41
70.57
We found 1 important support area.
- A support zone ranging from 61.02 to 61.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 62.42 to 63.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @66.65 from a trend line in the weekly time frame.
- A resistance zone ranging from 69.55 to 69.87. 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 WFRD is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WFRD is down. |
| ChartMill Relative Strength | 26.86 | NEGATIVE | WFRD has a low relative strength, it was outperformed by 73.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WFRD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WFRD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WFRD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.4 | NEUTRAL | The RSI value for WFRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests WFRD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.97 | NEUTRAL | The Stochastics value for WFRD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for WFRD suggests some volalility. |
| Average Directional Index/ADX (14) | 16.43 | 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)
62.29
-0.76 (-1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.21%
1 Week1.37%
2 Weeks-5.1%
1 Month-2.26%
3 Month16.28%
6 Month33.44%
12 Month-26.91%
2 Year-33.09%
3 Year49.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.67
ATR(20)%4.29%
ATR Inc-24.14%
Range Today1.24
ADR(20)2.6
ADR(20)%4.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.86
Mansfield-0.76
10 Day High66.65
10 Day Low60.84
20 Day High70.28
20 Day Low60.84
52 Week High91.82
52 Week Low36.74
CS1 End61.44
CR1 Start62.42
Volume & EV
DER(3)5.19%
DER(5)2.76%
Volume1.16M
Volume Incr-5.57%
Vol(5)790.52K
Vol(50)815.90K