WEC ENERGY GROUP INC (WEC) Stock Technical Analysis
USA - NYSE:WEC - US92939U1060 - Common Stock
116.84 USD
+0.65 (+0.56%)
117.09 USD
+0.25 (+0.21%)
We assign a technical rating of 10 out of 10 to WEC. Both in the recent history as in the last year, WEC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, WEC did better than 75% of all other stocks. On top of that, WEC also shows a nice and consistent pattern of rising prices.
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 109.36 - 118.09 range, which is quite wide. It is currently trading near the high of this range.
WEC has an average volume of 2052720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WEC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 116.85. Right above this resistance zone may be a good entry point.
More info and screens
101.22
118.45
When analyzing the support we can see 3 important areas.
- A support zone ranging from 109.85 to 111.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 106.44 to 107.68. 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.
We found 1 important resistance area.
- A resistance zone ranging from 116.85 to 117.28. 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 | UP | POSITIVE | The short term trend for WEC is up. |
| ChartMill Relative Strength | 75.67 | POSITIVE | WEC has a high relative strength, it outperformed 75.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WEC is above the rising 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) | 65.18 | NEUTRAL | The RSI value for WEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests WEC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.76 | OVERBOUGHT | The high Stochastics value suggests WEC may be overbought. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for WEC suggests low volalility. |
| Average Directional Index/ADX (14) | 28.96 | 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 |
|---|---|---|---|
| 117.29 | 113.40 | 3.89 (3.32%) | 25.00% |
| An entry @117.29. This is a Buy Stop order right above the resistance zone. | An exit @113.40. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.89 points, which is 3.32%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- 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.
116.84
+0.65 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.56%
1 Week1.49%
2 Weeks3.13%
1 Month6.1%
3 Month8.37%
6 Month7.8%
12 Month17.02%
2 Year43.56%
3 Year27.93%
5 Year16.2%
10 Year126.61%
15 Year292.48%
Volatility
ATR(14)1.57
ATR(20)%1.37%
ATR Inc1.96%
Range Today1.21
ADR(20)1.54
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.67
Mansfield0.1
10 Day High118.1
10 Day Low113.41
20 Day High118.1
20 Day Low109.36
52 Week High118.1
52 Week Low91.94
CS1 End111.22
CR1 Start116.85
Volume & EV
DER(3)0.16%
DER(5)0.92%
Volume1.90M
Volume Incr-4.94%
Vol(5)1.94M
Vol(50)2.05M