WESCO INTERNATIONAL INC (WCC) Stock Technical Analysis
NYSE:WCC • US95082P1057
Taking everything into account, WCC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, WCC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, WCC did better than 87% of all other stocks. We also observe that the gains produced by WCC over the past year are nicely spread over this period.
- WCC is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 85% of 50 stocks in the same industry.
- 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.
- In the last month WCC has a been trading in the 269.82 - 319.68 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
WCC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 290.10, a Stop Loss order could be placed below this zone.
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244.51
4 important support areas can be observed.
- A support zone ranging from 279.63 to 290.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @270.56 from a trend line in the daily time frame.
- Support @261.78 from a trend line in the weekly time frame.
- Support @246.98 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 | NEUTRAL | NEUTRAL | The short term trend for WCC is neutral. |
| ChartMill Relative Strength | 87.76 | POSITIVE | WCC has a high relative strength, it outperformed 87.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WCC is below 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) | 52.16 | NEUTRAL | The RSI value for WCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.87 | NEGATIVE | The MACD value suggests WCC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.16 | NEUTRAL | The Stochastics value for WCC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.88 | MEDIUM VOLATILITY | The ATR as a percentage value for WCC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.27 | NEUTRAL | The ADX value for WCC suggests a possible start of a new 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 |
|---|---|---|---|
| 318.91 | 284.89 | 34.02 (10.67%) | 9.37% |
| An entry @318.91. This is a Buy Stop order right above the 10 day high. | An exit @284.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 34.02 points, which is 10.67%. | For a 1.00% total portfolio risk, you can invest 9.37% of your capital in this trade. |
- 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.
295.84
-1.52 (-0.51%)
WESCO INTERNATIONAL INC / WCC FAQ
Can you provide the ChartMill technical rating for WESCO INTERNATIONAL INC?
ChartMill assigns a technical rating of 10 / 10 to WCC.
Can you provide the trend direction for WESCO INTERNATIONAL INC?
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 52.1642. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WESCO INTERNATIONAL INC?
The MACD indicator for WESCO INTERNATIONAL INC (WCC) has a value of -1.86665, indicating a bearish trend.