WEX INC (WEX) Technical Analysis
NYSE:WEX • US96208T1043
Current stock price
WEX Technical Rating and Analysis
Taking everything into account, WEX scores 3 out of 10 in our technical rating. WEX 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.
- In the last month WEX has a been trading in the 147.33 - 186.85 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, WEX outperforms 48% of them, which is more or less in line with the market.
- WEX is part of the Financial Services industry. There are 99 other stocks in this industry, WEX did better than 63% of them.
- WEX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WEX is lagging the market.
WEX Weekly and Daily overview Charts
WEX Setup Rating and Analysis
The technical rating of WEX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
WEX Support and Resistance Analysis
142.84
We found 2 important support areas.
- A support zone ranging from 147.41 to 149.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @144.28 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @166.37 from a horizontal line in the daily time frame.
WEX Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for WEX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WEX is neutral. |
| ChartMill Relative Strength | 48.01 | NEUTRAL | WEX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WEX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WEX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WEX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.36 | NEUTRAL | The RSI value for WEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.92 | NEGATIVE | The MACD value suggests WEX has a negative trend. |
| Stochastics (14,3) | 37.89 | NEUTRAL | The Stochastics value for WEX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for WEX suggests high volalility. |
| Average Directional Index/ADX (14) | 19.49 | NEGATIVE | The low ADX value for WEX suggests a weak or negative trend. |
WEX Chart- and CandleStick Pattern Analysis
WEX Technicals: Chart, Performance Metrics, Trend & Indicators
150.45
-4.31 (-2.78%)
WEX INC / WEX TA FAQ
What is the technical rating for WEX stock?
ChartMill assigns a technical rating of 3 / 10 to WEX.
Can you provide the trend direction for WEX INC?
The current trend direction for WEX INC (WEX) is Bearish.
Can you provide the RSI signal for WEX INC?
WEX INC (WEX) has an RSI value of 40.3551. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WEX INC?
The short term momentum for WEX INC (WEX) is neutral.