WFRD Price Prediction Next Week
Technical Analysis: Based on the latest data, WFRD shows mixed technical signals:
- RSI-14 at 51.82 indicates neutral momentum
- MACD shows bullish divergence with positive histogram (0.83)
- Price trading above key SMAs (5,10,20) suggests short-term uptrend
- Bollinger Band position (0.64) indicates moderate upside potential
Price Targets & Support/Resistance:
- Fibonacci resistance levels: R1: $73.19, R2: $75.80, R3: $80.02
- Fibonacci support levels: S1: $64.76, S2: $62.15, S3: $57.94
- Current pivot point: $68.98
News & Sentiment Analysis:
- Barclays maintains Buy rating with $92 price target
- Greenlight Capital increased stake by 157% in Q4 2024, showing institutional confidence
- Recent insider selling activity suggests some caution, with EVP selling 14,000 shares
Price Prediction for Next Week: Based on technical indicators and recent price action:
- Bullish scenario (60% probability): Price likely to test R1 at $73.19
- Base scenario (30% probability): Consolidation between $68-70
- Bearish scenario (10% probability): Could test S1 at $64.76
Trading Recommendation: BUY
- Entry point: Current price ($70.00)
- Target: $73.19 (R1 level)
- Stop loss: $64.76 (S1 level)
- Risk/Reward ratio: 1:1.2
The stock shows strong technical setup with institutional backing and analyst support, suggesting upside potential despite recent insider selling.
WFRD Similar Chart Price Prediction
The price of WFRD is predicted to go up -4.07%, based on the high correlation periods with PFLT. The similarity of these two price pattern on the periods is 95.61%.
WFRD
PFLT
Down: -4.07%Similarity: 95.61%
WFRD Revenue Forecast
WFRD EPS Forecast
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WFRD VS S&P500
Weatherford's pursuit of projects that maximize profitability over projects that increase market share will mitigate margin volatility in downcycles.
Management's laser focus on cost management will solidify Weatherford's staying power post-bankruptcy; the firm has made fantastic progress on margin improvements since 2021.
Weatherford's still-broad product portfolio will create cross-selling opportunities that foster stickier client relationships.
WFRD Analyst's Forecast
David Anderson
Barclays
Buy
2025-02-13
Price Target
$100 → $92
Upside
+24.44%
Barclays lowered the firm's price target on Weatherford to $92 from $100 and keeps an Overweight rating on the shares. The firm says it has been a rough six months for Weatherford with the shares down 50% as slowing international spending led to a series of earnings revisions with heavy exposure to Saudi and Pemex. However, the firm views the stock as one of the most attractive risk/reward stories in the sector.
Derek Podhaizer
Piper Sandler
Hold
2025-02-10
Price Target
$87 → $82
Upside
+20.77%
Scott Gruber
Citigroup
Strong Buy
2024-12-20
Price Target
$110 → $95
Upside
+41.58%
