WASTE CONNECTIONS INC (WCN) Technical Analysis
NYSE:WCN • CA94106B1013
Current stock price
WCN Technical Rating and Analysis
Overall WCN gets a technical rating of 0 out of 10. WCN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 79% of all other stocks performed better in the past year than WCN.
- WCN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WCN is lagging the market.
- WCN has an average volume of 1576160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- WCN is an average performer in the Commercial Services & Supplies industry, it outperforms 51% of 81 stocks in the same industry.
- In the last month WCN has a been trading in the 154.90 - 171.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WCN Weekly and Daily overview Charts
WCN Setup Rating and Analysis
WCN has a bad 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 169.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 157.58, a Stop Loss order could be placed below this zone.
More info and screens
WCN Support and Resistance Analysis
154.45
When analyzing the support we notice one important area.
- A support zone ranging from 156.01 to 157.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 169.47 to 171.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 175.80 to 178.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @192.47 from a horizontal line in the weekly time frame.
WCN Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for WCN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WCN is neutral. |
| ChartMill Relative Strength | 21.99 | NEGATIVE | WCN has a low relative strength, it was outperformed by 78.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WCN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WCN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WCN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.69 | NEUTRAL | The RSI value for WCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests WCN has a positive trend. |
| Stochastics (14,3) | 76.74 | NEUTRAL | The Stochastics value for WCN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for WCN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.41 | NEGATIVE | The low ADX value for WCN suggests a weak or negative trend. |
WCN Chart- and CandleStick Pattern Analysis
WCN Technicals: Chart, Performance Metrics, Trend & Indicators
164
-1.5 (-0.91%)
WASTE CONNECTIONS INC / WCN TA FAQ
What is the ChartMill technical rating of WASTE CONNECTIONS INC (WCN) stock?
ChartMill assigns a technical rating of 0 / 10 to WCN.
What is the current trend direction of WASTE CONNECTIONS INC (WCN) stock?
The current trend direction for WASTE CONNECTIONS INC (WCN) is Bearish.
What is the RSI signal for WASTE CONNECTIONS INC (WCN) stock?
WASTE CONNECTIONS INC (WCN) has an RSI value of 49.6852. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WASTE CONNECTIONS INC?
The short term momentum for WASTE CONNECTIONS INC (WCN) is neutral.