WWD Technical Analysis - WOODWARD INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to WWD. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

WWD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WWD is lagging the market slightly.

When comparing the yearly performance of all stocks, we notice that WWD is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

WWD is part of the Aerospace & Defense industry. There are 69 other stocks in this industry, WWD did better than 63% of them.

In the last month WWD has a been trading in the 233.31 - 261.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is only medium, WWD does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 258.43. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

159.71

268.77

5 important support areas can be observed.

Support @251.58 from a trend line in the weekly time frame.
A support zone ranging from 244.57 to 247.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 237.32 to 238.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @167.68 from a trend line in the weekly time frame.
Support @161.32 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 258.43 to 259.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 266.10 to 266.11. This zone is formed by a combination of multiple trend lines in the daily time frame.

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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	UP	POSITIVE	The long term trend for WWD is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for WWD is neutral.
ChartMill Relative Strength	85.43	POSITIVE	WWD has a high relative strength, it outperformed 85.43% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of WWD is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of WWD is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of WWD is above the rising SMA(200).
Relative Strength Index/RSI (14)	56.85	NEUTRAL	The RSI value for WWD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.39	POSITIVE	The MACD value suggests WWD has a positive trend, although the MACD value is declining.
Stochastics (14,3)	61.95	NEUTRAL	The Stochastics value for WWD is a neutral value.
Average True Range in percent/ATR (20)	2.36	MEDIUM VOLATILITY	The ATR as a percentage value for WWD suggests some volalility.
Average Directional Index/ADX (14)	18.42	NEGATIVE	The low ADX value for WWD suggests a weak or negative trend.