Weatherford International plc technical analysis charts

1. January 4, 2016
WFT: Weatherford International plc
technical analysis charts
On Thursday, compared to Wednesday, price action opened lower (8.20, vs
Wednesday's close of 8.25), saw a lower high (8.55, vs Wednesday's high of 8.61)
and lower low (8.10, vs Wednesday's low of 8.20); and closed higher (8.39, vs
Wednesday's close of 8.25). The day's range was 45 ticks.
On the 20-DAY MOVING AVERAGE ENVELOPE CHART below, price action rose
towards the bottom of the 20 day moving average envelope (8.94). The
parameters of the envelope (8.67-9.20) are pointing lower.
The RSI (39.74) below is in neutral mode between the key 20 (oversold) and 80
(overbought) levels.

2. January 4, 2016
The MACD 12 day moving average is above the MACD 26 day moving average;
both are above zero and falling. The MACD 12 day moving average has just
crossed above the MACD 26 day moving average, generating a positive signal.
The Slow Stochastics, below, are in positive mode, with the K line above the D
line.
The Commodity Channel Index (-76.31), below, is in positive mode above the
oversold -200 level.
On the DAILY BOLLINGER BANDS CHART below, Thursday represents the 8th
consecutive close below the middle of the Bollinger Band envelope (8.94). The
Bollinger Bands (7.55-10.32) are converging; and narrowed from a width of 313
ticks on Wednesday to a width of 277 ticks on Thursday.

3. January 4, 2016
On the 5 AND 20 DAY MOVING AVERAGES CHART below, the 5 day moving
average (8.55, moving down) is below the 20 day moving average (8.94, moving
down); in negative mode. The 3-50 day strip of moving averages ranges from the
3 day moving average (8.41) at the bottom of the range to the 50 day moving
average (9.92) at the top of the range.
The Parabolic Stop and Reverse (7.83) below is in the 6th day of buy mode.

4. January 4, 2016
On the WEEKLY BOLLINGER BANDS CHART below, last week represents the 2nd
consecutive close below the middle of the Bollinger Bands envelope (9.62). The
Bollinger Bands (7.83-11.41) are diverging; expanding from a width of 339 ticks on
Wednesday to a width of 358 ticks on Thursday.