WEBSTER FINANCIAL CORP (WBS) Stock Technical Analysis
NYSE:WBS - New York Stock Exchange, Inc. - US9478901096 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to WBS. WBS has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
WBS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
WBS has an average volume of 1401520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, WBS turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
WBS is an average performer in the Banks industry, it outperforms 44% of 395 stocks in the same industry.
WBS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WBS is lagging the market slightly.
Although the technical rating is only medium, WBS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 51.23, a Stop Loss order could be placed below this zone.
More info and screens
41.87
63.45
We found 2 important support areas.
- A support zone ranging from 50.59 to 51.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.29 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 51.92 to 53.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @59.18 from a trend line in the daily time frame.
- Resistance @61.78 from a horizontal line in the weekly time frame.
- Resistance @62.82 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for WBS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WBS is up. |
| ChartMill Relative Strength | 66.36 | 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 | MIXED | The current price of WBS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.22 | NEUTRAL | The RSI value for WBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests WBS has a negative trend. |
| Stochastics (14,3) | 62.37 | NEUTRAL | The Stochastics value for WBS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for WBS suggests some volalility. |
| Average Directional Index/ADX (14) | 23.17 | NEUTRAL | The ADX value for WBS suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 53.33 | 50.58 | 2.75 (5.16%) | 19.39% |
| An entry @53.33. This is a Buy Stop order right above the resistance zone. | An exit @50.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.75 points, which is 5.16%. | When investing 19.39% 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.
51.6
-0.9 (-1.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.71%
1 Week-1.99%
2 Weeks-2.42%
1 Month8.18%
3 Month-8.38%
6 Month-16.48%
12 Month16.69%
2 Year45.15%
3 Year5.11%
5 Year82.33%
10 Year36.18%
15 Year169.45%
Volatility
ATR(14)1.42
ATR(20)%2.78%
ATR Inc-10.39%
Range Today1.12
ADR(20)1.23
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.36
Mansfield-0.1
10 Day High53.61
10 Day Low49.81
20 Day High53.7
20 Day Low45.94
52 Week High63.99
52 Week Low39.34
CS1 End51.23
CR1 Start51.92
Volume & EV
DER(3)2.95%
DER(5)0.81%
Volume957.90K
Volume Incr16.29%
Vol(5)1.42M
Vol(50)1.40M