WEATHERFORD INTERNATIONAL PL (WFRD) Stock Technical Analysis
NASDAQ:WFRD • IE00BLNN3691
Overall WFRD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WFRD is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that WFRD is one of the better performing stocks in the market, outperforming 91% of all stocks.
- WFRD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- WFRD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- WFRD has an average volume of 1141720 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 60 other stocks in this industry, WFRD did better than 69% of them.
Besides having an excellent technical rating, WFRD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 101.65, 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
75.92
We found 4 important support areas.
- A support zone ranging from 100.70 to 101.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 89.28 to 89.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @78.33 from a trend line in the daily time frame.
- Support @76.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 105.51 to 105.51. 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 | 91.65 | POSITIVE | WFRD has a high relative strength, it outperformed 91.65% 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) | 65.02 | NEUTRAL | The RSI value for WFRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests WFRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.94 | NEUTRAL | The Stochastics value for WFRD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for WFRD suggests some volalility. |
| Average Directional Index/ADX (14) | 38.59 | POSITIVE | The high ADX value value for WFRD suggests a strong 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 |
|---|---|---|---|
| 105.52 | 100.69 | 4.83 (4.58%) | 21.85% |
| An entry @105.52. This is a Buy Stop order right above the resistance zone. | An exit @100.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.83 points, which is 4.58%. | For a 1.00% total portfolio risk, you can invest 21.85% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WFRD. Please evaluate whether better entry and exit points can be found.
- 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.
102.23
+0.81 (+0.8%)
WEATHERFORD INTERNATIONAL PL / WFRD FAQ
What is the technical rating for WFRD stock?
ChartMill assigns a technical rating of 10 / 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 65.0174. 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 0.0725717, 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.