WEATHERFORD INTERNATIONAL PL (WFRD) Technical Analysis
NASDAQ:WFRD • IE00BLNN3691
We assign a technical rating of 7 out of 10 to WFRD. In the last year, WFRD was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month WFRD has a been trading in the 84.21 - 110.57 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, WFRD did better than 89% of all other stocks. On top of that, WFRD also shows a nice and consistent pattern of rising prices.
- WFRD has an average volume of 1301130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, WFRD did better than 57% of them.
- WFRD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WFRD is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
Although WFRD has an excellent technical rating, it does not present a decent entry opportunity 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
78.31
3 important support areas can be observed.
- Support @85.12 from a horizontal line in the daily time frame.
- Support @81.07 from a trend line in the daily time frame.
- Support @79.10 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 103.95 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 | DOWN | NEGATIVE | The short term trend for WFRD is down. |
| ChartMill Relative Strength | 89.45 | POSITIVE | WFRD has a high relative strength, it outperformed 89.45% 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) | UP | POSITIVE | The current price of WFRD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.24 | NEUTRAL | The RSI value for WFRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.21 | NEGATIVE | The MACD value suggests WFRD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.52 | OVERSOLD | The low Stochastics value suggests WFRD may be oversold. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for WFRD suggests some volalility. |
| Average Directional Index/ADX (14) | 27.45 | POSITIVE | The high ADX value value for WFRD suggests a strong trend. |
WFRD Technicals: Chart, Performance Metrics, Trend & Indicators
86.53
+1.41 (+1.66%)
WEATHERFORD INTERNATIONAL PL / WFRD FAQ
What is the technical rating for WFRD stock?
ChartMill assigns a technical rating of 7 / 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 33.242. 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 -2.21034, 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 negative.