WWD Technical Analysis - WOODWARD INC

Technical Rating and Analysis

We assign a technical rating of 4 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.

In the last month WWD has a been trading in the 235.44 - 253.49 range, which is quite wide. It is currently trading near the lows of this range.

Looking at the yearly performance, WWD did better than 79% of all other stocks.

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.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

WWD is an average performer in the Aerospace & Defense industry, it outperforms 54% of 69 stocks in the same industry.

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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

WWD has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 239.62, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

159.71

261.89

3 important support areas can be observed.

A support zone ranging from 237.32 to 239.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @169.90 from a trend line in the weekly time frame.
A support zone ranging from 161.32 to 162.56. This zone is formed by a combination of multiple trend lines in the weekly time frame.

When analyzing the resistance we notice one important area.

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.

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Support and Resistance indicators

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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	DOWN	NEGATIVE	The short term trend for WWD is down.
ChartMill Relative Strength	79.26	POSITIVE	WWD has a high relative strength, it outperformed 79.26% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WWD is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WWD is below 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)	45.2	NEUTRAL	The RSI value for WWD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests WWD has a negative trend, although the MACD value is rising.
Stochastics (14,3)	31.32	NEUTRAL	The Stochastics value for WWD is a neutral value.
Average True Range in percent/ATR (20)	2.1	MEDIUM VOLATILITY	The ATR as a percentage value for WWD suggests some volalility.
Average Directional Index/ADX (14)	30.68	POSITIVE	The high ADX value value for WWD suggests a strong trend.