WEATHERFORD INTERNATIONAL PL (WFRD) Stock Technical Analysis
NASDAQ:WFRD - Nasdaq - IE00BLNN3691 - Common Stock - Currency: USD
Overall WFRD gets a technical rating of 6 out of 10. WFRD has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, WFRD is a bad performer in the overall market: 80% of all stocks are doing better.
WFRD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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 49.47 - 60.11 range, which is quite wide. It is currently trading near the high of this range.
WFRD has an average volume of 1131750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WFRD is an average performer in the Energy Equipment & Services industry, it outperforms 43% of 61 stocks in the same industry.
WFRD has an average technical rating and also 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
52.19
59.57
2 important support areas can be observed.
- A support zone ranging from 55.65 to 56.01. 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 52.72 to 53.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 58.85 to 58.98. 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 | 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 | 20.1 | NEGATIVE | WFRD has a low relative strength, it was outperformed by 79.9% 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) | DOWN | NEGATIVE | The current price of WFRD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.16 | NEUTRAL | The RSI value for WFRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests WFRD has a positive trend. |
| Stochastics (14,3) | 77.11 | NEUTRAL | The Stochastics value for WFRD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for WFRD suggests some volalility. |
| Average Directional Index/ADX (14) | 22.2 | NEUTRAL | The ADX value for WFRD suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 58.99 | 55.64 | 3.35 (5.68%) | 17.61% |
| An entry @58.99. This is a Buy Stop order right above the resistance zone. | An exit @55.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.35 points, which is 5.68%. | For a 1.00% total portfolio risk, you can invest 17.61% 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.
58.84
-0.13 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.22%
1 Week5.58%
2 Weeks9.61%
1 Month16.95%
3 Month31.54%
6 Month-6.53%
12 Month-44.32%
2 Year-29.19%
3 Year154.39%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.43
ATR(20)%4.41%
ATR Inc-5.94%
Range Today1.52
ADR(20)2.46
ADR(20)%4.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.1
Mansfield-2.14
10 Day High60.11
10 Day Low52.33
20 Day High60.11
20 Day Low49.47
52 Week High111.23
52 Week Low36.74
CS1 End56.01
CR1 Start58.85
Volume & EV
DER(3)-3.92%
DER(5)-3.7%
Volume801.50K
Volume Incr27.83%
Vol(5)1.39M
Vol(50)1.13M