Weatherford International Technical Analysis (NYSE:WFT)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Weatherford International stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the WFT stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Weatherford International. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Weatherford International stock analysis.
Weatherford International Moving Average
Moving averages show the WFT stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Weatherford International are mostly signals of long term trends and will help long term traders.
Weatherford International Bollinger Bands
Bollinger bands comprise of a center line usually WFT SMA, and two WFT stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $2.76 is in the upper range of Weatherford International bollinger bands.
Weatherford International Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Weatherford International MACD indicator can be used to identify bullish and bearish trends for the stock.
Weatherford International Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of WFT stock is 77.78.