WEATHERFORD INTL PLC (WFT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WFT -
We assign a technical rating of 0 out of 10 to WFT. WFT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of WFT is bad and it also does not present a 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.
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0.36
When analyzing the support we notice one important area.
- A support zone ranging from 0.36 to 0.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.52 to 0.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.65 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 | DOWN | NEGATIVE | The long term trend for WFT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WFT is down. |
| ChartMill Relative Strength | 0.61 | NEGATIVE | WFT has a low relative strength, it was outperformed by 99.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WFT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WFT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WFT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.7 | NEUTRAL | The RSI value for WFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WFT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.12 | NEUTRAL | The Stochastics value for WFT is a neutral value. |
| Average True Range in percent/ATR (20) | 18.55 | HIGH VOLATILITY | The high ATR as a percentage value for WFT suggests high volalility. |
0.3656
-0.01 (-3.81%)
WEATHERFORD INTL PLC / WFT FAQ
What is the technical rating for WFT stock?
ChartMill assigns a technical rating of 0 / 10 to WFT.
What is the current trend direction of WEATHERFORD INTL PLC (WFT) stock?
The current trend direction for WEATHERFORD INTL PLC (WFT) is Bearish.
Can you provide the RSI signal for WEATHERFORD INTL PLC?
WEATHERFORD INTL PLC (WFT) has an RSI value of 32.6959. This indicates that the stock is currently neutral.
What is the short term momentum for WEATHERFORD INTL PLC (WFT) stock?
The short term momentum for WEATHERFORD INTL PLC (WFT) is negative.
What are the support and resistance levels for WEATHERFORD INTL PLC (WFT) stock?
WEATHERFORD INTL PLC (WFT) has a support level at 0.36 and a resistance level at 0.52. Check the full technical report for our detailed analysis of WFT support and resistance levels.