WEATHERFORD INTERNATIONAL PL (WFRD) Technical Analysis
NASDAQ:WFRD • IE00BLNN3691
Current stock price
WFRD Technical Rating and Analysis
Taking everything into account, WFRD scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- 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. We also observe that the gains produced by WFRD over the past year are nicely spread over this period.
- 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 long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- WFRD is an average performer in the Energy Equipment & Services industry, it outperforms 57% of 60 stocks in the same industry.
- 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.
WFRD Weekly and Daily overview Charts
WFRD Setup Rating and Analysis
Although WFRD has an excellent technical rating, it does not offer a high quality setup 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
WFRD Support and Resistance Analysis
78.31
When analyzing the support we can see 3 important areas.
- 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.
WFRD Technical Indicator Signal Analysis
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 Chart- and CandleStick Pattern Analysis
WFRD Technicals: Chart, Performance Metrics, Trend & Indicators
86.53
+1.41 (+1.66%)
WEATHERFORD INTERNATIONAL PL / WFRD TA 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.