WESCO INTERNATIONAL INC (WCC) Stock Technical Analysis
NYSE:WCC - New York Stock Exchange, Inc. - US95082P1057 - Common Stock - Currency: USD
Taking everything into account, WCC scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. WCC was also a bad performer in the overall market in the last year.
68% of all other stocks performed better in the past year than WCC.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
WCC 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.
WCC is an average performer in the Trading Companies & Distributors industry, it outperforms 40% of 48 stocks in the same industry.
WCC 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 WCC is lagging the market slightly.
Although the technical rating is only medium, WCC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 167.60, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
135.82
184.69
When analyzing the support we can see 2 important areas.
- A support zone ranging from 164.67 to 167.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @137.19 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 168.66 to 169.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 173.32 to 173.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @182.86 from a trend 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 WCC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WCC is up. |
| ChartMill Relative Strength | 32.01 | NEUTRAL | WCC is not amongst the best or worst performers 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 | MIXED | The current price of WCC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.71 | NEUTRAL | The RSI value for WCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests WCC has a negative trend. |
| Stochastics (14,3) | 61.03 | NEUTRAL | The Stochastics value for WCC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for WCC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.47 | NEGATIVE | The low ADX value for WCC suggests a weak or negative 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)
167.89
-3.12 (-1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-1.82%
1 Week1.24%
2 Weeks-1.96%
1 Month10.43%
3 Month-6.97%
6 Month-20.65%
12 Month-6.46%
2 Year22.21%
3 Year33.69%
5 Year404.17%
10 Year133.64%
15 Year348.9%
Volatility
ATR(14)5.09
ATR(20)%3.2%
ATR Inc0.04%
Range Today3.41
ADR(20)4.24
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.01
Mansfield-0.59
10 Day High175.36
10 Day Low161.7
20 Day High176.54
20 Day Low156.28
52 Week High216.17
52 Week Low125.21
CS1 End167.6
CR1 Start168.66
Volume & EV
DER(3)-0.68%
DER(5)-1.58%
Volume608.00K
Volume Incr6.59%
Vol(5)716.06K
Vol(50)790.04K