WEBSTER FINANCIAL CORP (WBS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WBS - US9478901096 - Common Stock
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.
WBS has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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43.09
When analyzing the support we can see 5 important areas.
- A support zone ranging from 61.78 to 61.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 57.40 to 58.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.19 to 55.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 54.09 to 54.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.53 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 62.23 to 62.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WBS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WBS is up. |
| ChartMill Relative Strength | 53.93 | NEUTRAL | WBS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WBS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WBS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WBS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.4 | NEUTRAL | The RSI value for WBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests WBS has a positive trend. |
| Stochastics (14,3) | 92.98 | OVERBOUGHT | The high Stochastics value suggests WBS may be overbought. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for WBS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.39 | NEGATIVE | The low ADX value for WBS suggests a weak or negative trend. |
62.05
-0.04 (-0.06%)
WEBSTER FINANCIAL CORP / WBS FAQ
What is the ChartMill technical rating of WEBSTER FINANCIAL CORP (WBS) stock?
ChartMill assigns a technical rating of 8 / 10 to WBS.
What is the current trend direction of WEBSTER FINANCIAL CORP (WBS) stock?
The current trend direction for WEBSTER FINANCIAL CORP (WBS) is Bullish.
What is the RSI signal for WBS stock?
WEBSTER FINANCIAL CORP (WBS) has an RSI value of 68.3951. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WEBSTER FINANCIAL CORP?
The short term momentum for WEBSTER FINANCIAL CORP (WBS) is positive.
Can you provide the buy/sell signal for WEBSTER FINANCIAL CORP?
The buy/sell signal for WEBSTER FINANCIAL CORP (WBS) is buy as both the short term and long term trends are positive.