WEBSTER FINANCIAL CORP (WBS) Stock Technical Analysis
NYSE:WBS - New York Stock Exchange, Inc. - US9478901096 - Common Stock - Currency: USD
Taking everything into account, WBS scores 8 out of 10 in our technical rating. WBS has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
WBS is part of the Banks industry. There are 397 other stocks in this industry. WBS outperforms 87% of them.
WBS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WBS is lagging the market slightly.
In the last month WBS has a been trading in the 50.66 - 60.07 range, which is quite wide. It is currently trading near the high of this range.
WBS has an average volume of 1260180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, WBS did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
More info and screens
42.25
62.41
When analyzing the support we can see 3 important areas.
- A support zone ranging from 52.99 to 53.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.76 to 50.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @42.68 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @61.79 from a horizontal line in the weekly time frame.
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 | 86.79 | POSITIVE | WBS has a high relative strength, it outperformed 86.79% off all stocks 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) | 68.78 | NEUTRAL | The RSI value for WBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests WBS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.6 | OVERBOUGHT | The high Stochastics value suggests WBS may be overbought. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for WBS suggests some volalility. |
| Average Directional Index/ADX (14) | 33.43 | POSITIVE | The high ADX value value for WBS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
58.88
-0.63 (-1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.06%
1 Week0.34%
2 Weeks7.68%
1 Month9.24%
3 Month38.97%
6 Month9.75%
12 Month26%
2 Year24.43%
3 Year26.76%
5 Year115.91%
10 Year52.3%
15 Year215.88%
Volatility
ATR(14)1.39
ATR(20)%2.26%
ATR Inc-22.24%
Range Today0.85
ADR(20)1.22
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.79
Mansfield0.48
10 Day High60.07
10 Day Low54.31
20 Day High60.07
20 Day Low50.66
52 Week High63.99
52 Week Low39.43
CS1 End53.65
CR1 Start61.79
Volume & EV
DER(3)0.07%
DER(5)0.51%
Volume921.30K
Volume Incr-12.36%
Vol(5)1.27M
Vol(50)1.26M