WASTE CONNECTIONS INC (WCN) Technical Analysis
NYSE:WCN • CA94106B1013
Current stock price
WCN Technical Rating and Analysis
Taking everything into account, WCN scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 83% of all other stocks performed better in the past year than WCN.
- WCN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month WCN has a been trading in the 154.90 - 167.20 range, which is quite wide. It is currently trading near the lows of this range.
- WCN has an average volume of 1591980 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 48% of 79 stocks in the same industry.
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. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 157.58, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WCN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
WCN Support and Resistance Analysis
154.45
We found 1 important support 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.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 160.69 to 165.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 168.31 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 | DOWN | NEGATIVE | The short term trend for WCN is down. |
| ChartMill Relative Strength | 17.6 | NEGATIVE | WCN has a low relative strength, it was outperformed by 82.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WCN is below 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) | 37.41 | NEUTRAL | The RSI value for WCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests WCN has a negative trend. |
| Stochastics (14,3) | 20.65 | NEUTRAL | The Stochastics value for WCN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for WCN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.66 | NEUTRAL | The ADX value for WCN suggests a possible start of a new trend. |
WCN Chart- and CandleStick Pattern Analysis
WCN Technicals: Chart, Performance Metrics, Trend & Indicators
157.93
-1.95 (-1.22%)
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 37.4095. 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 negative.
What is the buy/sell signal for WASTE CONNECTIONS INC (WCN) stock?
The buy/sell signal for WASTE CONNECTIONS INC (WCN) is sell as both the short term and long term trends are negative.