WEATHERFORD INTERNATIONAL PL (WFRD) Stock Technical Analysis
USA - NASDAQ:WFRD - IE00BLNN3691 - Common Stock
We assign a technical rating of 8 out of 10 to WFRD. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WFRD is only an average performer.
WFRD has an excellent technical rating, but the quality of the setup is only medium 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
60.41
4 important support areas can be observed.
- A support zone ranging from 72.80 to 73.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.30 to 71.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 65.46 to 65.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 76.23 to 76.23. 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 | 78.06 | POSITIVE | WFRD has a high relative strength, it outperformed 78.06% 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) | 68.27 | NEUTRAL | The RSI value for WFRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests WFRD has a positive trend. |
| Stochastics (14,3) | 88.87 | OVERBOUGHT | The high Stochastics value suggests WFRD may be overbought. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for WFRD suggests some volalility. |
| Average Directional Index/ADX (14) | 28.45 | POSITIVE | The high ADX value value for WFRD suggests a strong trend. |
76.22
+1.27 (+1.69%)
WEATHERFORD INTERNATIONAL PL / WFRD FAQ
What is the technical rating for WFRD stock?
ChartMill assigns a technical rating of 8 / 10 to WFRD.
What is the trend direction for 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 68.2724. This indicates that the stock is currently neutral.
What is the MACD signal for WEATHERFORD INTERNATIONAL PL (WFRD) stock?
The MACD indicator for WEATHERFORD INTERNATIONAL PL (WFRD) has a value of 0.307577, indicating a bearish trend.
Can you provide the support and resistance levels for WEATHERFORD INTERNATIONAL PL?
WEATHERFORD INTERNATIONAL PL (WFRD) has a support level at 73.67 and a resistance level at 76.23. Check the full technical report for our detailed analysis of WFRD support and resistance levels.