WASTE CONNECTIONS INC (WCN) Stock Technical Analysis
USA - NYSE:WCN - CA94106B1013 - Common Stock
172.41 USD
+1.09 (+0.64%)
172.41 USD
0 (0%)
Overall WCN gets a technical rating of 0 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
78% of all other stocks performed better in the past year than WCN.
WCN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month WCN has a been trading in the 170.64 - 185.33 range, which is quite wide. It is currently trading near the lows of this range.
WCN has an average volume of 1171900 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 49% of 84 stocks in the same industry.
WCN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 176.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 172.40, 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
169.60
199.79
When analyzing the support we notice one important area.
- A support zone ranging from 171.31 to 172.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 176.41 to 183.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 187.53 to 188.16. This zone is formed by a combination of multiple trend lines 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.
- A resistance zone ranging from 197.09 to 197.81. 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 | 22.58 | NEGATIVE | WCN has a low relative strength, it was outperformed by 77.42% 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) | 33.87 | NEUTRAL | The RSI value for WCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests WCN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.81 | OVERSOLD | The low Stochastics value suggests WCN may be oversold. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for WCN suggests low volalility. |
| Average Directional Index/ADX (14) | 37.07 | POSITIVE | The high ADX value value for WCN suggests a strong 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)
172.41
+1.09 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.64%
1 Week-0.9%
2 Weeks-2.08%
1 Month-5.91%
3 Month-7.26%
6 Month-10.59%
12 Month-2.78%
2 Year28.38%
3 Year27.59%
5 Year66.1%
10 Year156.32%
15 Year370.95%
Volatility
ATR(14)2.59
ATR(20)%1.5%
ATR Inc-0.99%
Range Today1.4
ADR(20)2.56
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.58
Mansfield-1.63
10 Day High177.25
10 Day Low170.64
20 Day High185.33
20 Day Low170.64
52 Week High201.66
52 Week Low169.36
CS1 End172.4
CR1 Start176.41
Volume & EV
DER(3)3.23%
DER(5)3.19%
Volume699.70K
Volume Incr9.45%
Vol(5)1.27M
Vol(50)1.17M