WESCO INTERNATIONAL INC (WCC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WCC - US95082P1057 - Common Stock
Taking everything into account, WCC scores 9 out of 10 in our technical rating. 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.
Although WCC has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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210.51
When analyzing the support we can see 4 important areas.
- A support zone ranging from 256.21 to 258.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 243.06 to 251.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @235.55 from a trend line in the daily time frame.
- Support @212.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 273.37 to 277.43. 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 | UP | POSITIVE | The short term trend for WCC is up. |
| ChartMill Relative Strength | 89.85 | POSITIVE | WCC has a high relative strength, it outperformed 89.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WCC is above a declining 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) | 54.3 | NEUTRAL | The RSI value for WCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1 | POSITIVE | The MACD value suggests WCC has a positive trend. |
| Stochastics (14,3) | 84.51 | OVERBOUGHT | The high Stochastics value suggests WCC may be overbought. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for WCC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.97 | NEGATIVE | The low ADX value for WCC suggests a weak or negative trend. |
263.21
-9.16 (-3.36%)
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.
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 54.2956. 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 0.999942, indicating a bearish trend.
Can you provide the buy/sell signal for WESCO INTERNATIONAL INC?
The buy/sell signal for WESCO INTERNATIONAL INC (WCC) is buy as both the short term and long term trends are positive.