WEX INC (WEX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WEX - US96208T1043 - Common Stock
Taking everything into account, WEX scores 3 out of 10 in our technical rating. In the past year, WEX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
WEX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
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131.67
We found 3 important support areas.
- A support zone ranging from 150.10 to 152.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 136.39 to 139.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @133.00 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @167.95 from a trend line in the weekly time frame.
- A resistance zone ranging from 175.63 to 176.27. 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 | NEUTRAL | NEUTRAL | The long term trend for WEX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WEX is up. |
| ChartMill Relative Strength | 21.41 | NEGATIVE | WEX has a low relative strength, it was outperformed by 78.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WEX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WEX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WEX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.98 | NEUTRAL | The RSI value for WEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.21 | POSITIVE | The MACD value suggests WEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.98 | OVERBOUGHT | The high Stochastics value suggests WEX may be overbought. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for WEX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.78 | NEGATIVE | The low ADX value for WEX suggests a weak or negative trend. |
153.78
-0.91 (-0.59%)
WEX INC / WEX FAQ
What is the technical rating for WEX stock?
ChartMill assigns a technical rating of 3 / 10 to WEX.
What is the current trend direction of WEX INC (WEX) stock?
The current trend direction for WEX INC (WEX) is Bearish.
What is the RSI signal for WEX INC (WEX) stock?
WEX INC (WEX) has an RSI value of 57.9774. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for WEX INC?
WEX INC (WEX) has a support level at 152.13 and a resistance level at 167.95. Check the full technical report for our detailed analysis of WEX support and resistance levels.