WASTE CONNECTIONS INC (WCN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WCN - CA94106B1013 - Common Stock
Overall WCN gets a technical rating of 3 out of 10. 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.
WCN has a poor technical rating and the quality of the setup is also not perfect 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
161.85
We found 1 important support area.
- A support zone ranging from 163.48 to 166.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 174.46 to 176.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 182.81 to 183.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @188.16 from a horizontal line in the daily time frame.
- A resistance zone ranging from 191.85 to 192.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for WCN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WCN is up. |
| ChartMill Relative Strength | 30.66 | NEUTRAL | WCN is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of WCN is above the rising 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) | 51.7 | NEUTRAL | The RSI value for WCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests WCN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.02 | NEUTRAL | The Stochastics value for WCN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for WCN suggests low volalility. |
| Average Directional Index/ADX (14) | 17.54 | NEGATIVE | The low ADX value for WCN suggests a weak or negative trend. |
173.28
-0.88 (-0.51%)
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.
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 51.7038. 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 positive.
Can you provide the buy/sell signal for WASTE CONNECTIONS INC?
The buy/sell signal for WASTE CONNECTIONS INC (WCN) is hold as the short term and long term trends are mixed.