WESCO INTERNATIONAL INC (WCC) Stock Technical Analysis
NYSE:WCC - New York Stock Exchange, Inc. - US95082P1057 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to WCC. 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 long and short term trends are both positive. This is looking good!
Looking at the yearly performance, WCC did better than 85% of all other stocks.
WCC is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 76% of 48 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 195.43 - 219.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WCC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 203.48, a Stop Loss order could be placed below this zone.
More info and screens
137.18
216.58
3 important support areas can be observed.
- A support zone ranging from 200.43 to 203.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 191.26 to 194.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @138.57 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @214.44 from a horizontal line in the weekly 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 | 85.29 | POSITIVE | WCC has a high relative strength, it outperformed 85.29% 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) | 52.54 | NEUTRAL | The RSI value for WCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.85 | NEGATIVE | The MACD value suggests WCC has a negative trend. |
| Stochastics (14,3) | 34.07 | NEUTRAL | The Stochastics value for WCC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for WCC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.89 | POSITIVE | The high ADX value value for WCC suggests a strong 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)
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 |
|---|---|---|---|
| 208.90 | 200.42 | 8.48 (4.06%) | 24.64% |
| An entry @208.90. This is a Buy Stop order right above the 10 day moving average. | An exit @200.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.48 points, which is 4.06%. | For a 1.00% total portfolio risk, you can invest 24.64% 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.
204.28
-0.62 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.3%
1 Week0.39%
2 Weeks-4.73%
1 Month2.63%
3 Month26.22%
6 Month9.88%
12 Month30.84%
2 Year26.22%
3 Year55.13%
5 Year336.03%
10 Year264.98%
15 Year532.84%
Volatility
ATR(14)6.71
ATR(20)%2.92%
ATR Inc-27.87%
Range Today3.47
ADR(20)5.83
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.29
Mansfield0.52
10 Day High219.07
10 Day Low197.96
20 Day High219.07
20 Day Low195.43
52 Week High219.07
52 Week Low125.21
CS1 End203.48
CR1 Start214.44
Volume & EV
DER(3)2.53%
DER(5)1.86%
Volume458.10K
Volume Incr-18.02%
Vol(5)644.42K
Vol(50)678.30K