WEATHERFORD INTL PLC (WFT) Technical Analysis
NYSE:WFT
Current stock price
WFT Technical Rating and Analysis
Overall WFT gets a technical rating of 0 out of 10. WFT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, WFT is a bad performer in the overall market: 100% of all stocks are doing better.
- WFT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so WFT is lagging the market.
- In the last month WFT has a been trading in the 0.28 - 0.66 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- WFT has an average volume of 22772600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WFT Weekly and Daily overview Charts
WFT Setup Rating and Analysis
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.
More info and screens
WFT Support and Resistance Analysis
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.
WFT 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 | 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. |
WFT Chart- and CandleStick Pattern Analysis
WFT Technicals: Chart, Performance Metrics, Trend & Indicators
0.3656
-0.01 (-3.81%)
WEATHERFORD INTL PLC / WFT TA FAQ
What is the technical rating for WFT stock?
ChartMill assigns a technical rating of 0 / 10 to WFT.
What is the trend direction for 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 WFT stock?
The short term momentum for WEATHERFORD INTL PLC (WFT) is negative.
What is the buy/sell signal for WEATHERFORD INTL PLC (WFT) stock?
The buy/sell signal for WEATHERFORD INTL PLC (WFT) is sell as both the short term and long term trends are negative.