WASTE CONNECTIONS INC (WCN) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:WCN • CA94106B1013
Overall WCN gets a technical rating of 1 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, WCN is a bad performer in the overall market: 74% of all stocks are doing better.
- WCN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month WCN has a been trading in the 162.06 - 172.30 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- WCN has an average volume of 1288710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- WCN is part of the Commercial Services & Supplies industry. There are 80 other stocks in this industry, WCN did better than 45% of them.
Although the technical rating is bad, WCN does present a nice setup opportunity. 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 174.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 168.71, a Stop Loss order could be placed below this zone.
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161.42
When analyzing the support we notice one important area.
- A support zone ranging from 163.05 to 168.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 174.67 to 178.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @185.77 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for WCN is neutral. |
| ChartMill Relative Strength | 26.42 | NEGATIVE | WCN has a low relative strength, it was outperformed by 73.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WCN is above the rising 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) | 49.41 | NEUTRAL | The RSI value for WCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests WCN has a positive trend. |
| Stochastics (14,3) | 63.01 | NEUTRAL | The Stochastics value for WCN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for WCN suggests low volalility. |
| Average Directional Index/ADX (14) | 16.94 | NEGATIVE | The low ADX value for WCN suggests a weak or negative trend. |
169.2
+0.02 (+0.01%)
WASTE CONNECTIONS INC / WCN FAQ
What is the ChartMill technical rating of WASTE CONNECTIONS INC (WCN) stock?
ChartMill assigns a technical rating of 1 / 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 WCN stock?
WASTE CONNECTIONS INC (WCN) has an RSI value of 49.4102. This indicates that the stock is currently neutral.
What are the support and resistance levels for WASTE CONNECTIONS INC (WCN) stock?
WASTE CONNECTIONS INC (WCN) has a support level at 168.71 and a resistance level at 174.67. Check the full technical report for our detailed analysis of WCN support and resistance levels.