Weatherford International (WFRD, $117.72) Aroon Indicator entered an Uptrend on July 25, 2024.

#OilfieldServicesEquipment, #TechnicalAnalysis, #AROON, #Bullish, #Stocks, #MidCap, #Russel2000
WFRD - Weatherford International plc
Aroon signal
Bullish Trend
88%
Odds of UP Trend
Price: $117.72
Daily change: -$3.83 (-3.15%)
Daily volume: 2M
Capitalization: $8.6B
Industry: Oilfield Services/Equipment

Over the last three days, A.I.dvisor has detected that WFRD's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. A.I.dvisor backtested this indicator and found 300 similar cases, 264 of which were successful. Based on this data, the odds of success are 88%.