WEC ENERGY GROUP INC (WEC) Stock Technical Analysis
USA - NYSE:WEC - US92939U1060 - Common Stock
111.14 USD
+0.49 (+0.44%)
111.14 USD
0 (0%)
We assign a technical rating of 6 out of 10 to WEC. In the last year, WEC was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month WEC has a been trading in the 109.25 - 116.89 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
When comparing the yearly performance of all stocks, we notice that WEC is one of the better performing stocks in the market, outperforming 72% of all stocks. On top of that, WEC also shows a nice and consistent pattern of rising prices.
WEC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WEC is performing more or less in line with the market.
WEC has an average volume of 2185080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
WEC is part of the Multi-Utilities industry. There are 26 other stocks in this industry, WEC did better than 60% of them.
WEC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
101.22
118.68
We found 2 important support areas.
- A support zone ranging from 106.44 to 107.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 102.24 to 104.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 111.52 to 113.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 116.84 to 117.50. 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 | UP | POSITIVE | The long term trend for WEC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WEC is down. |
| ChartMill Relative Strength | 72.54 | POSITIVE | WEC has a high relative strength, it outperformed 72.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WEC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WEC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.08 | NEUTRAL | The RSI value for WEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests WEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.33 | NEUTRAL | The Stochastics value for WEC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.55 | LOW VOLATILITY | The low ATR as a percentage value for WEC suggests low volalility. |
| Average Directional Index/ADX (14) | 25.39 | POSITIVE | The high ADX value value for WEC 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 113.12 | 109.24 | 3.88 (3.43%) | 25.00% |
| An entry @113.12. This is a Buy Stop order right above the resistance zone. | An exit @109.24. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.88 points, which is 3.43%. | For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
111.14
+0.49 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.44%
1 Week0.15%
2 Weeks-1.53%
1 Month-4.05%
3 Month2.4%
6 Month4.08%
12 Month10.41%
2 Year32.91%
3 Year12.1%
5 Year17.05%
10 Year125.35%
15 Year269.11%
Volatility
ATR(14)1.47
ATR(20)%1.55%
ATR Inc-21.61%
Range Today1.22
ADR(20)1.6
ADR(20)%1.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.54
3 months CRS73.01
6 months CRS48.53
Mansfield-0.32
10 Day High113
10 Day Low109.25
20 Day High116.89
20 Day Low109.25
52 Week High118.19
52 Week Low91.94
CS1 End107.5
CR1 Start111.52
Volume & EV
DER(3)-0.11%
DER(5)0.8%
Volume2.46M
Volume Incr-8.15%
Vol(5)2.20M
Vol(50)2.19M
WEC ENERGY GROUP INC / WEC FAQ
What is the ChartMill technical rating of WEC ENERGY GROUP INC (WEC) stock?
ChartMill assigns a technical rating of 6 / 10 to WEC.
Can you provide the trend direction for WEC ENERGY GROUP INC?
The current trend direction for WEC ENERGY GROUP INC (WEC) is Bullish.
What is the RSI signal for WEC ENERGY GROUP INC (WEC) stock?
WEC ENERGY GROUP INC (WEC) has an RSI value of 44.0797. This indicates that the stock is currently neutral.
What is the short term momentum for WEC stock?
The short term momentum for WEC ENERGY GROUP INC (WEC) is negative.
Can you provide the support and resistance levels for WEC ENERGY GROUP INC?
WEC ENERGY GROUP INC (WEC) has a support level at 107.5 and a resistance level at 111.52. Check the full technical report for our detailed analysis of WEC support and resistance levels.