WESCO INTERNATIONAL INC (WCC) Stock Technical Analysis
USA - NYSE:WCC - US95082P1057 - Common Stock
Taking everything into account, WCC scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WCC is only an average performer.
WCC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 225.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 218.11, a Stop Loss order could be placed below this zone.
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201.46
When analyzing the support we can see 2 important areas.
- A support zone ranging from 207.69 to 218.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @203.49 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 225.55 to 227.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 77.85 | POSITIVE | WCC has a high relative strength, it outperformed 77.85% 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) | 58.37 | NEUTRAL | The RSI value for WCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests WCC has a positive trend. |
| Stochastics (14,3) | 62.49 | NEUTRAL | The Stochastics value for WCC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for WCC suggests some volalility. |
| Average Directional Index/ADX (14) | 8.65 | NEGATIVE | The low ADX value for WCC suggests a weak or negative 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 |
|---|---|---|---|
| 227.21 | 207.68 | 19.53 (8.60%) | 11.63% |
| An entry @227.21. This is a Buy Stop order right above the resistance zone. | An exit @207.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 19.53 points, which is 8.60%. | For a 1.00% total portfolio risk, you can invest 11.63% 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.
225.54
+5.87 (+2.67%)
WESCO INTERNATIONAL INC / WCC FAQ
Can you provide the ChartMill technical rating for WESCO INTERNATIONAL INC?
ChartMill assigns a technical rating of 6 / 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 58.3705. This indicates that the stock is currently neutral.
What is the support and resistance level for WCC stock?
WESCO INTERNATIONAL INC (WCC) has a support level at 218.11 and a resistance level at 225.55. Check the full technical report for our detailed analysis of WCC support and resistance levels.