WASTE CONNECTIONS INC (WCN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WCN - CA94106B1013 - Common Stock
Taking everything into account, WCN scores 5 out of 10 in our technical rating. In the past year, WCN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
WCN has an average technical rating and also the quality of the setup is 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.
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161.85
When analyzing the support we can see 2 important areas.
- A support zone ranging from 169.74 to 175.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 178.47 to 183.26. 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.
- 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 | 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 | 52.89 | 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) | 61.4 | NEUTRAL | The RSI value for WCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests WCN has a positive trend. |
| Stochastics (14,3) | 95.56 | OVERBOUGHT | The high Stochastics value suggests WCN may be overbought. |
| Average True Range in percent/ATR (20) | 1.29 | LOW VOLATILITY | The low ATR as a percentage value for WCN suggests low volalility. |
| Average Directional Index/ADX (14) | 15.17 | NEGATIVE | The low ADX value for WCN suggests a weak or negative trend. |
177.84
+0.15 (+0.08%)
WASTE CONNECTIONS INC / WCN FAQ
What is the ChartMill technical rating of WASTE CONNECTIONS INC (WCN) stock?
ChartMill assigns a technical rating of 5 / 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 61.3974. 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.