WCC Technical Analysis - WESCO INTERNATIONAL INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to WCC. 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 WCC has a been trading in the 203.40 - 227.71 range, which is quite wide. It is currently trading near the lows of this range.

When comparing the yearly performance of all stocks, we notice that WCC is one of the better performing stocks in the market, outperforming 78% of all stocks.

WCC is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry. WCC outperforms 70% of them.

WCC 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 WCC is lagging the market slightly.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WESCO INTERNATIONAL INC / WCC Weekly stock chart

WESCO INTERNATIONAL INC / WCC Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, WCC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 208.50, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

203.87

217.47

We found 1 important support area.

A support zone ranging from 205.93 to 208.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 212.09 to 215.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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Technical Indicator Signal Analysis

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 WCC is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WCC is down.
ChartMill Relative Strength	78.56	POSITIVE	WCC has a high relative strength, it outperformed 78.56% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WCC is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of WCC is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of WCC is above a declining SMA(200).
Relative Strength Index/RSI (14)	43	NEUTRAL	The RSI value for WCC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.43	NEGATIVE	The MACD value suggests WCC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	17.47	OVERSOLD	The low Stochastics value suggests WCC may be oversold.
Average True Range in percent/ATR (20)	2.7	MEDIUM VOLATILITY	The ATR as a percentage value for WCC suggests some volalility.
Average Directional Index/ADX (14)	12.6	NEGATIVE	The low ADX value for WCC suggests a weak or negative trend.