WESCO INTERNATIONAL INC (WCC) Stock Technical Analysis
USA - NYSE:WCC - US95082P1057 - Common Stock
Overall WCC gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WCC is showing a nice and steady performance.
Besides having an excellent technical rating, WCC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 249.01, 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.
More info and screens
205.62
We found 4 important support areas.
- A support zone ranging from 246.14 to 249.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 224.20 to 227.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @212.64 from a horizontal line in the daily time frame.
- Support @207.70 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @267.16 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 | UP | POSITIVE | The long term trend for WCC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WCC is up. |
| ChartMill Relative Strength | 83.73 | POSITIVE | WCC has a high relative strength, it outperformed 83.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WCC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WCC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WCC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.78 | NEUTRAL | The RSI value for WCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.19 | NEGATIVE | The MACD value suggests WCC has a negative trend. |
| Stochastics (14,3) | 64.07 | NEUTRAL | The Stochastics value for WCC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for WCC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.5 | POSITIVE | The high ADX value value for WCC suggests a strong trend. |
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 |
|---|---|---|---|
| 256.69 | 246.13 | 10.56 (4.11%) | 24.32% |
| An entry @256.69. This is a Buy Stop order right above the 10 day moving average. | An exit @246.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.56 points, which is 4.11%. | For a 1.00% total portfolio risk, you can invest 24.32% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WCC. Please evaluate whether better entry and exit points can be found.
- 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.
249.02
+1.18 (+0.48%)
WESCO INTERNATIONAL INC / WCC FAQ
Can you provide the ChartMill technical rating for WESCO INTERNATIONAL INC?
ChartMill assigns a technical rating of 9 / 10 to WCC.
What is the trend direction for WCC stock?
The current trend direction for WESCO INTERNATIONAL INC (WCC) is Bullish.
Can you provide the RSI signal for WESCO INTERNATIONAL INC?
WESCO INTERNATIONAL INC (WCC) has an RSI value of 54.7823. This indicates that the stock is currently neutral.
What is the buy/sell signal for WCC stock?
The buy/sell signal for WESCO INTERNATIONAL INC (WCC) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for WESCO INTERNATIONAL INC (WCC) stock?
WESCO INTERNATIONAL INC (WCC) has a support level at 249.01 and a resistance level at 267.16. Check the full technical report for our detailed analysis of WCC support and resistance levels.