WEC ENERGY GROUP INC (WEC) Stock Technical Analysis
NYSE:WEC - US92939U1060 - Common Stock
107.68 USD
+0.52 (+0.49%)
107.68 USD
0 (0%)
Taking everything into account, WEC scores 3 out of 10 in our technical rating. In the last year, WEC was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
WEC is part of the Multi-Utilities industry. There are 25 other stocks in this industry. WEC outperforms 83% of them.
WEC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WEC is lagging the market slightly.
WEC has an average volume of 2049370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the performance of all stocks over the past year, WEC turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
In the last month WEC has a been trading in a tight range between 106.39 and 111.90.
Although the technical rating is bad, WEC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 107.59, a Stop Loss order could be placed below this zone.
More info and screens
102.10
112.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 106.44 to 107.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 103.13 to 104.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 107.81 to 111.27. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 59.47 | NEUTRAL | WEC is not amongst the best or worst performers 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 | POSITIVE | The current price of WEC is above 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) | 47.77 | NEUTRAL | The RSI value for WEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests WEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.83 | OVERSOLD | The low Stochastics value suggests WEC may be oversold. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for WEC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.05 | NEGATIVE | The low ADX value for WEC 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)
107.68
+0.52 (+0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.49%
1 Week-1.13%
2 Weeks-2.06%
1 Month-0.63%
3 Month0.22%
6 Month0.93%
12 Month15.75%
2 Year28.01%
3 Year4.4%
5 Year14.46%
10 Year125.98%
15 Year286.36%
Volatility
ATR(14)1.46
ATR(20)%1.46%
ATR Inc-48.92%
Range Today0.76
ADR(20)1.49
ADR(20)%1.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.47
Mansfield-0.42
10 Day High110.27
10 Day Low106.39
20 Day High111.9
20 Day Low106.39
52 Week High111.9
52 Week Low91.94
CS1 End107.59
CR1 Start107.81
Volume & EV
DER(3)-1.13%
DER(5)-0.96%
Volume1.87M
Volume Incr-26.03%
Vol(5)1.70M
Vol(50)2.05M