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
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.
Statistics
Support/Resistance Analysis
44.60
- 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.
- 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
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 55.42 | 51.99 | 3.43 (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.
WEBSTER FINANCIAL CORP53.84
NYSE:WBS (12/2/2022, 7:09:54 PM)+0.12 (+0.22%)
| GICS Sector | Financials | ||
| GICS Industry | Banks | ||
| Today | 0.22% | 1 Week | 0.47% |
| 2 Weeks | 3.52% | 1 Month | 2.87% |
| 3 Month | 17.53% | 6 Month | 7.21% |
| ATR(14) | 1.15 | ATR(20)% | 2.53% |
| ATR Inc | -17.35% | Range Today | 0.87 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| 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 |
| 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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