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 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month WBS has a been trading in the 55.23 - 62.00 range, which is quite wide. It is currently trading near the lows of this range.
WBS is part of the Banks industry. There are 392 other stocks in this industry. WBS outperforms 84% of them.
WBS has an average volume of 1443000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that WBS is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
WBS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WBS is lagging the market.
WBS has an average technical rating and it also 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
42.52
63.46
When analyzing the support we can see 3 important areas.
- A support zone ranging from 55.67 to 56.00. 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 @42.95 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @56.72 from a trend line in the daily time frame.
- Resistance @60.27 from a horizontal line in the daily time frame.
- A resistance zone ranging from 61.78 to 61.79. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 62.82 to 62.83. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for WBS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WBS is down. |
| ChartMill Relative Strength | 80.55 | POSITIVE | WBS has a high relative strength, it outperformed 80.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WBS is below a declining 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) | 44.67 | NEUTRAL | The RSI value for WBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests WBS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.79 | OVERSOLD | The low Stochastics value suggests WBS may be oversold. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for WBS suggests some volalility. |
| Average Directional Index/ADX (14) | 28.13 | 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)
56.66
+0.04 (+0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.07%
1 Week-3.79%
2 Weeks-7.81%
1 Month-4.03%
3 Month13.75%
6 Month-6.89%
12 Month27.58%
2 Year33.6%
3 Year20.43%
5 Year106.04%
10 Year60.15%
15 Year252.14%
Volatility
ATR(14)1.48
ATR(20)%2.53%
ATR Inc-18.13%
Range Today1.66
ADR(20)1.38
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.55
Mansfield-0.04
10 Day High62
10 Day Low55.23
20 Day High62
20 Day Low55.23
52 Week High63.99
52 Week Low39.43
CS1 End56
CR1 Start56.72
Volume & EV
DER(3)-3.08%
DER(5)-2.98%
Volume1.71M
Volume Incr-14.84%
Vol(5)1.33M
Vol(50)1.44M