WASTE CONNECTIONS INC (WCN) Stock Technical Analysis
NYSE:WCN - CA94106B1013 - Common Stock
179.3 USD
-1.97 (-1.09%)
179.3 USD
0 (0%)
We assign a technical rating of 0 out of 10 to WCN. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, WCN is a bad performer in the overall market: 78% of all stocks are doing better.
WCN is one of the lesser performing stocks in the Commercial Services & Supplies industry. 60% of 84 stocks in the same industry do better.
In the last month WCN has a been trading in the 178.88 - 191.00 range, which is quite wide. It is currently trading near the lows of this range.
WCN has an average volume of 1185210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
The technical rating of WCN is bad and it also does not present a quality setup 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
174.04
201.96
When analyzing the support we notice one important area.
- A support zone ranging from 175.80 to 179.29. 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 180.56 to 189.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 192.47 to 193.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for WCN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WCN is down. |
| ChartMill Relative Strength | 22 | NEGATIVE | WCN has a low relative strength, it was outperformed by 78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WCN is below a declining 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) | 35.48 | NEUTRAL | The RSI value for WCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests WCN has a negative trend. |
| Stochastics (14,3) | 10.67 | OVERSOLD | The low Stochastics value suggests WCN may be oversold. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for WCN suggests low volalility. |
| Average Directional Index/ADX (14) | 14.01 | 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)
179.3
-1.97 (-1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-1.09%
1 Week-2.15%
2 Weeks-3.85%
1 Month-4.66%
3 Month-5.74%
6 Month-4.8%
12 Month-1.82%
2 Year33.51%
3 Year32.69%
5 Year72.74%
10 Year166.56%
15 Year389.77%
Volatility
ATR(14)2.46
ATR(20)%1.43%
ATR Inc-19.3%
Range Today2.41
ADR(20)2.56
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22
Mansfield-1.19
10 Day High188.09
10 Day Low178.88
20 Day High191
20 Day Low178.88
52 Week High201.66
52 Week Low169.36
CS1 End179.29
CR1 Start180.56
Volume & EV
DER(3)-0.87%
DER(5)-1.21%
Volume924.70K
Volume Incr-9.11%
Vol(5)877.22K
Vol(50)1.19M