WASTE CONNECTIONS INC (WCN.CA) Stock Technical Analysis
TSX:WCN - Toronto Stock Exchange - CA94106B1013 - Common Stock - Currency: CAD
Taking everything into account, WCN scores 4 out of 10 in our technical rating. In the last year, WCN was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
WCN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 270.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 263.13, a Stop Loss order could be placed below this zone.
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237.11
When analyzing the support we can see 2 important areas.
- A support zone ranging from 253.75 to 263.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @239.51 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 270.36 to 281.56. This zone is formed by a combination of multiple trend lines and important moving averages 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 WCN.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WCN.CA is neutral. |
| ChartMill Relative Strength | 69.87 | NEUTRAL | WCN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WCN.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WCN.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WCN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.79 | NEUTRAL | The RSI value for WCN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests WCN.CA has a positive trend. |
| Stochastics (14,3) | 72.45 | NEUTRAL | The Stochastics value for WCN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for WCN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 10.36 | NEGATIVE | The low ADX value for WCN.CA suggests a weak or negative trend. |
TSX:WCN (5/30/2025, 7:00:00 PM)
270.26
+1.87 (+0.7%)