WASTE CONNECTIONS INC (WCN) Stock Technical Analysis
NYSE:WCN - New York Stock Exchange, Inc. - CA94106B1013 - Common Stock - Currency: USD
Overall WCN gets a technical rating of 1 out of 10. 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.
When comparing the yearly performance of all stocks, WCN is a bad performer in the overall market: 68% of all stocks are doing better.
In the last month WCN has a been trading in the 180.55 - 191.91 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
WCN has an average volume of 1155230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
WCN is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry, WCN did better than 46% of them.
WCN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WCN is lagging the market.
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 support zone below the current price at 184.32, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WCN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
174.04
201.96
When analyzing the support we can see 2 important areas.
- A support zone ranging from 183.17 to 184.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 175.80 to 179.79. 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 186.20 to 188.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @193.25 from a horizontal line in the daily time frame.
- A resistance zone ranging from 197.81 to 199.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for WCN is down. |
| ChartMill Relative Strength | 32.06 | NEUTRAL | WCN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WCN is below 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) | UP | MIXED | The current price of WCN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.25 | NEUTRAL | The RSI value for WCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests WCN has a negative trend. |
| Stochastics (14,3) | 13.37 | OVERSOLD | The low Stochastics value suggests WCN may be oversold. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for WCN suggests low volalility. |
| Average Directional Index/ADX (14) | 16.38 | NEGATIVE | The low ADX value for WCN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
184.77
+0.04 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.02%
1 Week-1.66%
2 Weeks-0.96%
1 Month1.17%
3 Month-3.73%
6 Month-2.26%
12 Month1.59%
2 Year34.88%
3 Year32.76%
5 Year84.71%
10 Year180.58%
15 Year430.25%
Volatility
ATR(14)2.95
ATR(20)%1.67%
ATR Inc-42.72%
Range Today1.96
ADR(20)3.06
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.06
Mansfield-0.95
10 Day High191
10 Day Low183.42
20 Day High191.91
20 Day Low180.55
52 Week High201.66
52 Week Low169.36
CS1 End184.32
CR1 Start186.2
Volume & EV
DER(3)3.51%
DER(5)1.36%
Volume904.20K
Volume Incr-7.59%
Vol(5)1.16M
Vol(50)1.16M