(WFRD) Technical Pivots with Risk Controls

March 03, 2025, 00:12 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WFRD

• Buy WFRD near 55.69 target 67.32 stop loss @ 55.53 Details

The technical summary data tells us to buy WFRD near 55.69 with an upside target of 67.32. This data also tells us to set a stop loss @ 55.53 to protect against excessive loss in case the stock begins to move against the trade. 55.69 is the first level of support below 61.91 , and by rule, any test of support is a buy signal. In this case, support 55.69 would be being tested, so a buy signal would exist.

• Short WFRD slightly under 67.32, target 55.69, stop loss @ 67.51 Details

The technical summary data is suggesting a short of WFRD as it gets near 67.32 with a downside target of 55.69. We should have a stop loss in place at 67.51though. 67.32 is the first level of resistance above 61.91, and by rule, any test of resistance is a short signal. In this case, if resistance 67.32 is being tested, so a short signal would exist.

Swing Trading Plans for WFRD

• Buy WFRD slightly over 64.62, target 67.32, Stop Loss @ 64.43 Details

If 64.62 begins to break higher, the technical summary data tells us to buy WFRD just slightly over 64.62, with an upside target of 67.32. The data also tells us to set a stop loss @ 64.43 in case the stock turns against the trade. 64.62 is the first level of resistance above 61.91, and by rule, any break above resistance is a buy signal. In this case, 64.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WFRD slightly near 64.62, target 59.92, Stop Loss @ 64.81. Details

The technical summary data is suggesting a short of WFRD if it tests 64.62 with a downside target of 59.92. We should have a stop loss in place at 64.81 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 64.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for WFRD

• Buy WFRD slightly over 61.99, target 64.62, Stop Loss @ 61.85 Details

If 61.99 begins to break higher, the technical summary data tells us to buy WFRD just slightly over 61.99, with an upside target of 64.62. The data also tells us to set a stop loss @ 61.85 in case the stock turns against the trade. 61.99 is the first level of resistance above 61.91, and by rule, any break above resistance is a buy signal. In this case, 61.99, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WFRD slightly near 61.99, target 60.91, Stop Loss @ 62.13. Details

The technical summary data is suggesting a short of WFRD if it tests 61.99 with a downside target of 60.91. We should have a stop loss in place at 62.13 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 61.99, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Weatherford International Plc (WFRD) available here: WFRD.

WFRD Ratings for March 03:

AI Generated Signals for WFRD

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The technical pivots for Weatherford International Plc (NASDAQ: WFRD) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for WFRD change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if WFRD is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for WFRD too.  All of these are offered below the Summary Table.