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WEC ENERGY GROUP INC (WEC) Stock Technical Analysis

NYSE:WEC - New York Stock Exchange, Inc. - US92939U1060 - Common Stock - Currency: USD

110.41  +0.41 (+0.37%)

Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to WEC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WEC is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that WEC is one of the better performing stocks in the market, outperforming 71% of all stocks. We also observe that the gains produced by WEC over the past year are nicely spread over this period.
WEC is part of the Multi-Utilities industry. There are 25 other stocks in this industry. WEC outperforms 87% of them.
WEC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month WEC has a been trading in the 102.77 - 111.90 range, which is quite wide. It is currently trading near the high of this range.
WEC has an average volume of 2071780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
WEC ENERGY GROUP INC / WEC Weekly stock chart
WEC ENERGY GROUP INC / WEC Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, WEC also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 110.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 109.32, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

101.22

112.38

We found 2 important support areas.

  • A support zone ranging from 105.47 to 110.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 102.24 to 103.80. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • Resistance @111.27 from a horizontal line in the daily time frame.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for WEC is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for WEC is up.
ChartMill Relative Strength71.95POSITIVEWEC has a high relative strength, it outperformed 71.95% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of WEC is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of WEC is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of WEC is above the rising SMA(200).
Relative Strength Index/RSI (14)59.78NEUTRALThe RSI value for WEC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.23POSITIVEThe MACD value suggests WEC has a positive trend, although the MACD value is declining.
Stochastics (14,3)84.77OVERBOUGHTThe high Stochastics value suggests WEC may be overbought.
Average True Range in percent/ATR (20)1.54LOW VOLATILITYThe low ATR as a percentage value for WEC suggests low volalility.
Average Directional Index/ADX (14)23.35NEUTRALThe ADX value for WEC suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
111.28107.383.91 (3.51%)25.00%
An entry @111.28. This is a Buy Stop order right above the resistance zone.An exit @107.38. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 3.91 points, which is 3.51%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.88%.

  • 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.
WEC ENERGY GROUP INC / WEC Daily stock chart

WEC ENERGY GROUP INC

NYSE:WEC (8/6/2025, 2:58:59 PM)

110.41

+0.41 (+0.37%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.37%
1 Week1.26%
2 Weeks-0.09%
1 Month6.12%
3 Month2.21%
6 Month8.07%
12 Month25.03%
2 Year30.77%
3 Year6.65%
5 Year16.92%
10 Year130.85%
15 Year294.69%
Volatility
ATR(14)1.69
ATR(20)%1.54%
ATR Inc19.95%
Range Today1.66
ADR(20)1.67
ADR(20)%1.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.95
Mansfield0.08
10 Day High111.9
10 Day Low107.39
20 Day High111.9
20 Day Low102.77
52 Week High111.9
52 Week Low87.71
CS1 End109.32
CR1 Start110.24
Volume & EV
DER(3)0.75%
DER(5)0.79%
Volume809.29K
Volume Incr61.71%
Vol(5)2.81M
Vol(50)2.07M