WEC ENERGY GROUP INC (WEC) Stock Technical Analysis
NYSE:WEC - New York Stock Exchange, Inc. - US92939U1060 - Common Stock - Currency: USD
Taking everything into account, WEC scores 3 out of 10 in our technical rating. WEC has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
WEC is part of the Multi-Utilities industry. There are 25 other stocks in this industry. WEC outperforms 91% 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 2114290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, WEC outperforms 67% of them, which is more or less in line with the market.
In the last month WEC has a been trading in a tight range between 102.49 and 106.84.
Although the technical rating is bad, WEC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 105.69, a Stop Loss order could be placed below this zone.
More info and screens
102.10
110.86
We found 1 important support area.
- A support zone ranging from 103.13 to 105.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 108.62 to 109.76. 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 | NEUTRAL | NEUTRAL | The short term trend for WEC is neutral. |
| ChartMill Relative Strength | 67.4 | NEUTRAL | WEC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WEC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WEC is above a declining 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) | 54.94 | NEUTRAL | The RSI value for WEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests WEC has a positive trend. |
| Stochastics (14,3) | 89.61 | OVERBOUGHT | The high Stochastics value suggests WEC may be overbought. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for WEC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.09 | 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)
105.85
+0.34 (+0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.32%
1 Week1.48%
2 Weeks2.64%
1 Month-0.55%
3 Month-2.34%
6 Month6.89%
12 Month29.8%
2 Year17.79%
3 Year1.97%
5 Year11.12%
10 Year116.02%
15 Year290.02%
Volatility
ATR(14)1.6
ATR(20)%1.51%
ATR Inc-15.33%
Range Today1.59
ADR(20)1.5
ADR(20)%1.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.4
Mansfield-0.21
10 Day High106.33
10 Day Low102.49
20 Day High106.84
20 Day Low102.49
52 Week High111
52 Week Low81.45
CS1 End105.69
CR1 Start108.62
Volume & EV
DER(3)1.07%
DER(5)0.93%
Volume1.40M
Volume Incr-10.74%
Vol(5)1.84M
Vol(50)2.11M