Price: $21.04
· 1 day: -1.87% · 5 days: -10.66% · 1 month: -3.35% · YTD: +34.96%
As of 2026-11-06 21:00 UTC.
52-week range: $14.57 – $25.19 (currently at 61% of the range).
WDS is in a downtrend, momentum soft. $21.43 is the level overhead; $20 the first support below.
5 of 6 technical checks lean bearish.
| Trend | Downtrend · below 50-day & below 200-day |
|---|---|
| Momentum | RSI 26.37 · neutral · MACD bearish |
| Trend strength | ADX 18.1 · weak or range |
| Location | -8.0% vs 50-day MA |
| 52-week range | -15% from high · +44% from low |
| Volatility | ATR 0.62 · ~2.9%/day |
| Level | Type | Distance |
|---|---|---|
| $21.43 (resistance) | swing zone | 1.85% |
| $21.94 (resistance) | swing zone | 4.28% |
| $22.59 (resistance) | swing zone | 7.37% |
| $20.0 (support) | round | -4.94% |
| $15.0 (support) | round | -28.71% |
| $14.58 (support) | 52w low | -30.7% |
| RSI (14) | 26.37 | MACD | -0.2953 |
|---|---|---|---|
| ADX (14) | 18.1 | ATR (14) | 0.62 |
| 50-day average | $22.86 | 200-day average | $21.98 |
Next earnings: 2026-08-24. WDS earnings date, time and past reactions.
Report of 2026-11-04.
Woodside Energy sold its Greater Sunrise LNG stake to East Timor's state oil company for up to $200 million on October 27, a transaction that concludes 52 years of development frustration. The market had already begun discounting the news before the announcement, and the stock fell 4.3% on November 4 alone, pushing the five-day decline to 6.3% — underperforming both the S&P 500 (-0.6%) and the energy sector ETF XLE (-8.0%) over the same window. The balance of evidence now leans clearly negative: the weekly trend is down, the stock trades below its 40-week average, and it has been lagging its peers for 50 days. A close below $20 would confirm a downside breakout with a 3.4-to-1 reward-to-risk target at the 52-week low of $14.58.
The Greater Sunrise sale is the most concrete development in weeks. Woodside walked away from a 33.44% stake in a gas field that Timor-Leste's government has wanted developed for more than five decades, accepting $200 million for an asset that has been the subject of political dispute and technical debate since the 1970s. Forbes frames it as a capitulation; Morningstar notes that Brent crude remains near $110 a barrel, suggesting the commodity backdrop should support energy names — yet WDS is down anyway. The sale itself is not large relative to Woodside's $40.7 billion market cap, but it removes a known development option from the asset base and raises questions about management's willingness to commit capital to long-dated projects.
The attribution data shows the stock's underperformance is partly sector-driven. XLE fell 8.0% over five days, driven by broader energy market concerns including Shell's cash windfall challenge (Bloomberg Business) and oil price volatility tied to Middle East export flows. But WDS fell less than XLE over five days, outperforming by 1.6 percentage points — meaning the stock is not the worst actor in the sector. The real damage is in the relative strength numbers: WDS lags the S&P 500 by 6.8% over 50 days and by 7.5% over 200 days, a sustained underperformance that the Greater Sunrise sale does not explain. On October 20, Woodside cut the top end of its 2025 annual production guidance to 181 million BOE from 185 million, citing a narrower window for first Scarborough LNG output (Morningstar). That guidance revision — not the Sunrise sale — is the more likely culprit for the structural weakness.
The debate on Woodside is not uniformly negative. Macquarie has flagged Scarborough as the key variable for second-half production, and maiden output from that project could shift the narrative. QatarEnergy's agreement to buy US LNG from Woodside starting in 2030, reported by Bloomberg Business, is a long-term contract win that adds volume certainty. The sole analyst covering the stock holds a $24.26 price target, implying 11.8% upside from the current price — though that target has not moved, and the consensus is a hold. The valuation argument is not compelling enough to override the technical deterioration.
The long-term thesis is under pressure but not broken. Woodside remains a large-cap energy producer with a diversified asset base, and Scarborough LNG ramp-up is still ahead. The problem is phase: the stock peaked at $23.71 on October 19 and has fallen 9.7% since, trading below its 40-week average for the first time since the prior bullish report on November 1. That earlier report held a medium-conviction bullish stance with a weekly close below the 50-day average at $23.03 as the invalidation level. That level has now been violated. The weekly trend is down, the 50-day average at $22.94 is overhead, and the RSI at 33.68 is approaching oversold — but oversold can persist.
Over the next two to six weeks the balance of evidence leans negative with high conviction. Three of four conviction points are met: the daily trend aligns with the weekly downtrend, the stock lags the S&P 500 by 6.8% over 50 days, and it lags XLE by 3.7% over the same window. The structure holds below $21.43, the swing zone where sellers have shown up on rallies, and the trend would end only above $21.93, the 200-day average. The strongest case against this reading is that the five-day attribution shows WDS outperforming XLE by 1.6 percentage points — the stock is weak, but less weak than its sector. That relative outperformance suggests some buyers are holding, and the RSI approaching oversold could produce a technical bounce. It does not tip the balance, but it is why conviction is not four of four.
The structure holds below $21.43, the swing zone. That level is where sellers have appeared on intraday rallies throughout the October decline, and it sits just above the current price of $21.40. The 200-day average at $21.93 is the level where the downtrend would end — a weekly close above that line would be the first sign that buyers are reasserting control. Below that, the next support is $20.00, a round number that has held as support in prior drawdowns. The 52-week low is $14.58, 46.8% below the current price.
A downside breakout would be triggered by a daily close below $20.00. The stop on a short entry would sit at $21.58, calculated from the $21.43 swing zone plus a quarter of the 14-day ATR of $0.60. The target is $14.58, the 52-week low, giving a reward-to-risk ratio of 3.4 to 1. The math meets the 3-to-1 threshold. For the math to reach 3 to 1 from higher entry levels, the stock would need to approach $22.59 or $23.44 before rolling over — at current prices the ratio is already favorable on a break below $20.
A weekly close above $21.93, the 200-day average, would change the picture. That is the rule: above $21.93 the weekly trend would no longer be down, and the structure that has been holding sellers at $21.43 would be tested from below. The non-price fact that could do it is a material Scarborough LNG production update — Macquarie has identified that project as the swing variable for second-half output, and stronger-than-expected ramp-up would address the guidance cut that started this decline.
Interactive WDS chart and analyst chat · Market terminal — movers, signals and news · Use MarketCrew inside Claude · Use MarketCrew inside ChatGPT · Top gainers today · 52-week highs