Overall WFRD gets a technical rating of 9 out of 10. Both in the recent history as in the last year, WFRD has proven to be a steady performer, scoring decent points in every aspect analyzed.
WFRD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 80.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 78.82, a Stop Loss order could be placed below this zone.
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69.27
3 important support areas can be observed.
- A support zone ranging from 77.66 to 78.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @72.51 from a trend line in the daily time frame.
- A support zone ranging from 69.97 to 71.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 80.90 to 81.31. 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 | UP | POSITIVE | The short term trend for WFRD is up. |
| ChartMill Relative Strength | 82.41 | POSITIVE | WFRD has a high relative strength, it outperformed 82.41% 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) | UP | POSITIVE | The current price of WFRD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.47 | NEUTRAL | The RSI value for WFRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests WFRD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.76 | NEUTRAL | The Stochastics value for WFRD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for WFRD suggests some volalility. |
| Average Directional Index/ADX (14) | 15.38 | NEGATIVE | The low ADX value for WFRD suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 81.32 | 77.65 | 3.67 (4.51%) | 22.16% |
| An entry @81.32. This is a Buy Stop order right above the resistance zone. | An exit @77.65. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.67 points, which is 4.51%. | For a 1.00% total portfolio risk, you can invest 22.16% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
80.89
+2.63 (+3.36%)
WEATHERFORD INTERNATIONAL PL / WFRD FAQ
What is the technical rating for WFRD stock?
ChartMill assigns a technical rating of 9 / 10 to WFRD.
What is the current trend direction of WEATHERFORD INTERNATIONAL PL (WFRD) stock?
The current trend direction for WEATHERFORD INTERNATIONAL PL (WFRD) is Bullish.
What is the RSI signal for WFRD stock?
WEATHERFORD INTERNATIONAL PL (WFRD) has an RSI value of 60.4673. This indicates that the stock is currently neutral.
What is the MACD signal for WFRD stock?
The MACD indicator for WEATHERFORD INTERNATIONAL PL (WFRD) has a value of -0.167853, indicating a bearish trend.
What is the short term momentum for WEATHERFORD INTERNATIONAL PL (WFRD) stock?
The short term momentum for WEATHERFORD INTERNATIONAL PL (WFRD) is positive.