WASTE CONNECTIONS INC (WCN) Stock Technical Analysis
USA - NYSE:WCN - CA94106B1013 - Common Stock
We assign a technical rating of 0 out of 10 to WCN. WCN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
WCN has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
163.65
We found 1 important support area.
- A support zone ranging from 165.30 to 166.17. 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 168.80 to 178.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 183.17 to 184.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 187.90 to 188.16. 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.
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 | 21.6 | NEGATIVE | WCN has a low relative strength, it was outperformed by 78.4% 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) | 39.31 | NEUTRAL | The RSI value for WCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests WCN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.41 | OVERSOLD | The low Stochastics value suggests WCN may be oversold. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for WCN suggests low volalility. |
| Average Directional Index/ADX (14) | 26.62 | POSITIVE | The high ADX value value for WCN suggests a strong trend. |
166.18
+0.87 (+0.53%)
WASTE CONNECTIONS INC / WCN FAQ
What is the ChartMill technical rating of WASTE CONNECTIONS INC (WCN) stock?
ChartMill assigns a technical rating of 0 / 10 to WCN.
Can you provide the trend direction for WASTE CONNECTIONS INC?
The current trend direction for WASTE CONNECTIONS INC (WCN) is Bearish.
What is the RSI signal for WCN stock?
WASTE CONNECTIONS INC (WCN) has an RSI value of 39.3147. This indicates that the stock is currently neutral.
What is the short term momentum for WASTE CONNECTIONS INC (WCN) stock?
The short term momentum for WASTE CONNECTIONS INC (WCN) is negative.
Can you provide the buy/sell signal for WASTE CONNECTIONS INC?
The buy/sell signal for WASTE CONNECTIONS INC (WCN) is sell as both the short term and long term trends are negative.