WEBSTER FINANCIAL CORP (WBS) Stock Technical Analysis
NYSE:WBS • US9478901096
Overall WBS gets a technical rating of 10 out of 10. Both in the recent history as in the last year, WBS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, WBS did better than 83% of all other stocks. We also observe that the gains produced by WBS over the past year are nicely spread over this period.
- WBS is one of the better performing stocks in the Banks industry, it outperforms 86% of 379 stocks in the same industry.
- WBS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- WBS has an average volume of 3534480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month WBS has a been trading in the 65.34 - 74.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although WBS has an excellent technical rating, it does not offer a high quality setup 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
43.74
We found 5 important support areas.
- Support @69.87 from a trend line in the daily time frame.
- A support zone ranging from 62.85 to 63.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @57.75 from a trend line in the daily time frame.
- Support @55.19 from a horizontal line in the daily time frame.
- Support @44.18 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 72.11 to 73.83. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 83.23 | POSITIVE | WBS has a high relative strength, it outperformed 83.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WBS is below 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) | 54.63 | NEUTRAL | The RSI value for WBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests WBS has a negative trend. |
| Stochastics (14,3) | 44.37 | NEUTRAL | The Stochastics value for WBS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for WBS suggests some volalility. |
| Average Directional Index/ADX (14) | 34.02 | POSITIVE | The high ADX value value for WBS suggests a strong trend. |
71.4
-0.73 (-1.01%)
WEBSTER FINANCIAL CORP / WBS FAQ
What is the ChartMill technical rating of WEBSTER FINANCIAL CORP (WBS) stock?
ChartMill assigns a technical rating of 10 / 10 to WBS.
What is the trend direction for 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 54.6274. This indicates that the stock is currently neutral.
What is the MACD signal for WBS stock?
The MACD indicator for WEBSTER FINANCIAL CORP (WBS) has a value of -0.31972, indicating a bearish trend.
What is the buy/sell signal for WBS stock?
The buy/sell signal for WEBSTER FINANCIAL CORP (WBS) is buy as both the short term and long term trends are positive.