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. Recently some decent action could be observed, but in the medium term time frame this is still negative. WFRD was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, WFRD is a bad performer in the overall market: 84% 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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month WFRD has a been trading in the 49.37 - 59.60 range, which is quite wide. It is currently trading near the high of this range.
WFRD has an average volume of 1127500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WFRD is an average performer in the Energy Equipment & Services industry, it outperforms 45% of 62 stocks in the same industry.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, WFRD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 58.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 55.21, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
51.85
58.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 54.78 to 55.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 52.37 to 53.56. 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 one important area.
- A resistance zone ranging from 58.16 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 | 16.23 | NEGATIVE | WFRD has a low relative strength, it was outperformed by 83.77% 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) | 59.07 | NEUTRAL | The RSI value for WFRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests WFRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.27 | NEUTRAL | The Stochastics value for WFRD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for WFRD suggests some volalility. |
| Average Directional Index/ADX (14) | 19.69 | 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)
56.86
-1.04 (-1.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.8%
1 Week6.14%
2 Weeks-2.22%
1 Month13.49%
3 Month33.04%
6 Month-19.04%
12 Month-51.56%
2 Year-31.58%
3 Year145.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.54
ATR(20)%4.4%
ATR Inc-5.56%
Range Today1.57
ADR(20)2.45
ADR(20)%4.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.23
Mansfield-2.55
10 Day High59.6
10 Day Low52.33
20 Day High59.6
20 Day Low49.37
52 Week High121.69
52 Week Low36.74
CS1 End55.21
CR1 Start58.16
Volume & EV
DER(3)-4.22%
DER(5)-3.01%
Volume896.50K
Volume Incr40.1%
Vol(5)1.55M
Vol(50)1.13M