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 78% 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 long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

WWD is an average performer in the Aerospace & Defense industry, it outperforms 52% 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

Although the technical rating is only medium, WWD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 238.10, 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

When analyzing the support we can see 3 important areas.

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 @169.39 from a trend line in the weekly time frame.
A support zone ranging from 161.32 to 162.35. This zone is formed by a combination of multiple trend lines in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 239.11 to 243.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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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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	78.68	POSITIVE	WWD has a high relative strength, it outperformed 78.68% 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)	40.04	NEUTRAL	The RSI value for WWD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.23	NEGATIVE	The MACD value suggests WWD has a negative trend, although the MACD value is rising.
Stochastics (14,3)	22.38	NEUTRAL	The Stochastics value for WWD is a neutral value.
Average True Range in percent/ATR (20)	2.11	MEDIUM VOLATILITY	The ATR as a percentage value for WWD suggests some volalility.
Average Directional Index/ADX (14)	30.42	POSITIVE	The high ADX value value for WWD suggests a strong trend.