WEBSTER FINANCIAL CORP (WBS)       53.84  +0.12 (+0.22%)

53.84  +0.12 (+0.22%)

US9478901096 - Common Stock - After market: 53.84 0 (0%)

Technical Rating

8

Taking everything into account, WBS scores 8 out of 10 in our technical rating. Although WBS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



Both the short term and long term trends are positive. This is a very positive sign.
In the last month WBS has a been trading in the 50.99 - 56.46 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that WBS is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this relatively good performance is mostly due to a recent big move.
WBS is part of the Banks industry. There are 321 other stocks in this industry, WBS did better than 69% of them.
WBS is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 2.87% 17.53% 7.21% 1.11% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 85.5 40.72 - 65
WBS Weekly chart
WBS Daily chart

Support/Resistance Analysis


44.60

62.99
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 52.00 to 53.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 47.13 to 47.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @45.05 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 54.13 to 55.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @62.37 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

8

WBS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 54.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.56, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
55.4251.993.43 (6.19%)16.16%
An entry @55.42. This is a Buy Stop order right above the resistance zone.An exit @51.99. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 3.43 points, which is 6.19%.When investing 16.16% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
WBS Daily chart

WEBSTER FINANCIAL CORP53.84

NYSE:WBS (12/2/2022, 7:09:54 PM)+0.12 (+0.22%)

After market: 53.84 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today 0.22% 1 Week 0.47%
2 Weeks 3.52% 1 Month 2.87%
3 Month 17.53% 6 Month 7.21%
Volatility
ATR(14) 1.15 ATR(20)% 2.53%
ATR Inc -17.35% Range Today 0.87
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 85.5 Mansfield 0.65
10 Day High 54.86 10 Day Low 51.94
20 Day High 56.46 20 Day Low 50.99
52 Week High 65 52 Week Low 40.72
CS1 End 53.56 CR1 Start 54.13
Volume & EV
DER(3) 0.38% DER(5) 0.84%
Volume 497.80K Volume Incr -3.14%
Vol(5) 701.50K Vol(50) 894.36K

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