WEATHERFORD INTERNATIONAL PL (WFRD) Stock Technical Analysis
NASDAQ:WFRD - IE00BLNN3691 - Common Stock
63.68 USD
+2.12 (+3.44%)
64.797 USD
+1.12 (+1.75%)
Taking everything into account, WFRD scores 7 out of 10 in our technical rating. In the last year, WFRD was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
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 52.70 - 64.80 range, which is quite wide. It is currently trading near the high of this range.
WFRD has an average volume of 1034980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, WFRD outperforms 46% of them, which is more or less in line with the market.
WFRD is an average performer in the Energy Equipment & Services industry, it outperforms 56% of 61 stocks in the same industry.
WFRD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WFRD is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
50.60
64.32
When analyzing the support we can see 3 important areas.
- A support zone ranging from 55.28 to 56.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.73 from a horizontal line in the daily time frame.
- Support @51.11 from a trend line in the daily time frame.
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 | 46.03 | NEUTRAL | WFRD is not amongst the best or worst performers 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 | MIXED | The current price of WFRD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.72 | NEUTRAL | The RSI value for WFRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.65 | POSITIVE | The MACD value suggests WFRD has a positive trend. |
| Stochastics (14,3) | 92.3 | OVERBOUGHT | The high Stochastics value suggests WFRD may be overbought. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for WFRD suggests some volalility. |
| Average Directional Index/ADX (14) | 18 | 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)
63.68
+2.12 (+3.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg3.44%
1 Week12.99%
2 Weeks10.65%
1 Month8.82%
3 Month46.06%
6 Month2.86%
12 Month-39.32%
2 Year-28.06%
3 Year126.3%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.42
ATR(20)%3.96%
ATR Inc8.69%
Range Today2.18
ADR(20)2.4
ADR(20)%3.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.03
Mansfield-1.04
10 Day High64.8
10 Day Low54.69
20 Day High64.8
20 Day Low52.7
52 Week High101.96
52 Week Low36.74
CS1 End56.27
CR1 StartN/A
Volume & EV
DER(3)-2.75%
DER(5)-0.78%
Volume1.59M
Volume Incr12.38%
Vol(5)995.60K
Vol(50)1.03M