WEC ENERGY GROUP INC (WEC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WEC - US92939U1060 - Common Stock
Overall WEC gets a technical rating of 1 out of 10. WEC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
WEC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 106.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 104.65, a Stop Loss order could be placed below this zone.
More info and screens
101.22
When analyzing the support we notice one important area.
- A support zone ranging from 102.24 to 104.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 106.03 to 106.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 108.54 to 108.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @112.87 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for WEC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WEC is down. |
| ChartMill Relative Strength | 50.5 | 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) | DOWN | NEGATIVE | The current price of WEC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WEC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.58 | NEUTRAL | The RSI value for WEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests WEC has a positive trend. |
| Stochastics (14,3) | 48.44 | NEUTRAL | The Stochastics value for WEC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.41 | LOW VOLATILITY | The low ATR as a percentage value for WEC suggests low volalility. |
| Average Directional Index/ADX (14) | 39.49 | POSITIVE | The high ADX value value for WEC suggests a strong trend. |
105.55
+0.53 (+0.5%)
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 1 / 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 Bearish.
What is the RSI signal for WEC ENERGY GROUP INC (WEC) stock?
WEC ENERGY GROUP INC (WEC) has an RSI value of 42.5771. 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 104.65 and a resistance level at 106.03. Check the full technical report for our detailed analysis of WEC support and resistance levels.