WEC ENERGY GROUP INC (WEC) Stock Technical Analysis
NYSE:WEC - New York Stock Exchange, Inc. - US92939U1060 - Common Stock - Currency: USD
Overall WEC gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that WEC is one of the better performing stocks in the market, outperforming 88% of all 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 83% of them.
WEC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WEC is performing more or less in line with the market.
WEC has an average volume of 2262290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month WEC has a been trading in the 100.61 - 110.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WEC has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
91.20
110.86
2 important support areas can be observed.
- A support zone ranging from 102.81 to 104.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 92.12 to 93.78. 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 105.91 to 109.76. 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 | NEUTRAL | NEUTRAL | The short term trend for WEC is neutral. |
| ChartMill Relative Strength | 88.04 | POSITIVE | WEC has a high relative strength, it outperformed 88.04% off all stocks 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 | MIXED | The current price of WEC is below 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) | 48.7 | NEUTRAL | The RSI value for WEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests WEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.89 | NEUTRAL | The Stochastics value for WEC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for WEC suggests low volalility. |
| Average Directional Index/ADX (14) | 13.83 | 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)
NYSE:WEC (5/22/2025, 12:02:08 PM)
105.25
-1.29 (-1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-1.21%
1 Week4.21%
2 Weeks-2.81%
1 Month-2.04%
3 Month2.39%
6 Month5.84%
12 Month32.02%
2 Year21.97%
3 Year1.4%
5 Year16.15%
10 Year120.67%
15 Year334.86%
Volatility
ATR(14)1.94
ATR(20)%1.75%
ATR Inc-35.26%
Range Today1.65
ADR(20)1.75
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.04
Mansfield0.82
10 Day High109.72
10 Day Low100.61
20 Day High110.65
20 Day Low100.61
52 Week High111
52 Week Low77.47
CS1 End106.02
CR1 Start107.03
Volume & EV
DER(3)1.72%
DER(5)2.02%
Volume531.42K
Volume Incr9.14%
Vol(5)2.17M
Vol(50)2.26M