WEX INC (WEX) Stock Technical Analysis
NYSE:WEX - New York Stock Exchange, Inc. - US96208T1043 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to WEX. Recently some decent action could be observed, but in the medium term time frame this is still negative. WEX was also a bad performer in the overall market in the last year.
82% of all other stocks performed better in the past year than WEX.
WEX is one of the lesser performing stocks in the Financial Services industry. 73% of 100 stocks in the same industry do better.
In the last month WEX has a been trading in the 128.91 - 145.64 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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 has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 144.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 141.46, a Stop Loss order could be placed below this zone.
More info and screens
130.30
189.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 139.06 to 141.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 131.62 to 134.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 144.67 to 144.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @147.54 from a trend line in the daily time frame.
- Resistance @159.37 from a horizontal line in the daily time frame.
- A resistance zone ranging from 187.10 to 187.56. 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 | DOWN | NEGATIVE | The long term trend for WEX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WEX is up. |
| ChartMill Relative Strength | 18.57 | NEGATIVE | WEX has a low relative strength, it was outperformed by 81.43% 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) | UP | POSITIVE | The current price of WEX is above the rising 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) | 60.22 | NEUTRAL | The RSI value for WEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests WEX has a positive trend. |
| Stochastics (14,3) | 81.91 | OVERBOUGHT | The high Stochastics value suggests WEX may be overbought. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for WEX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.77 | NEGATIVE | The low ADX value for WEX 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)
144.66
+0.17 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.12%
1 Week1.63%
2 Weeks1.79%
1 Month5.35%
3 Month-6.41%
6 Month-16.41%
12 Month-18.34%
2 Year-20.55%
3 Year-7.01%
5 Year-12.33%
10 Year26.93%
15 YearN/A
Volatility
ATR(14)3.98
ATR(20)%2.68%
ATR Inc-17.16%
Range Today3.67
ADR(20)3.64
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.57
Mansfield-1.84
10 Day High145.64
10 Day Low136.93
20 Day High145.64
20 Day Low128.91
52 Week High217.47
52 Week Low110.45
CS1 End141.46
CR1 Start144.67
Volume & EV
DER(3)-0.81%
DER(5)-0.76%
Volume552.70K
Volume Incr28.3%
Vol(5)630.72K
Vol(50)536.35K