WASTE CONNECTIONS INC (WCN) Stock Technical Analysis
NYSE:WCN • CA94106B1013
We assign a technical rating of 3 out of 10 to WCN. In the past year, WCN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, WCN is a bad performer in the overall market: 74% of all stocks are doing better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month WCN has a been trading in the 155.65 - 173.94 range, which is quite wide. It is currently trading near the high of this range.
- WCN has an average volume of 1651700 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 50% of 81 stocks in the same industry.
- WCN is currently trading in the middle 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 slightly.
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
158.65
We found 3 important support areas.
- A support zone ranging from 167.10 to 172.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @163.48 from a horizontal line in the weekly time frame.
- Support @160.25 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- 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.
- Resistance @197.81 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 | NEUTRAL | NEUTRAL | The long term trend for WCN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WCN is up. |
| ChartMill Relative Strength | 26.41 | NEGATIVE | WCN has a low relative strength, it was outperformed by 73.59% 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 | MIXED | The current price of WCN is above 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) | 58.74 | NEUTRAL | The RSI value for WCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.16 | POSITIVE | The MACD value suggests WCN has a positive trend. |
| Stochastics (14,3) | 93.91 | OVERBOUGHT | The high Stochastics value suggests WCN may be overbought. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for WCN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.22 | NEGATIVE | The low ADX value for WCN suggests a weak or negative trend. |
172.57
-0.59 (-0.34%)
WASTE CONNECTIONS INC / WCN FAQ
What is the ChartMill technical rating of WASTE CONNECTIONS INC (WCN) stock?
ChartMill assigns a technical rating of 3 / 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 58.7373. 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 172.36 and a resistance level at 175.8. Check the full technical report for our detailed analysis of WCN support and resistance levels.