WEX INC (WEX) Stock Technical Analysis
NYSE:WEX - US96208T1043 - Common Stock
172.87 USD
+3.26 (+1.92%)
172.87 USD
0 (0%)
Taking everything into account, WEX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WEX is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
WEX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, WEX turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
WEX is part of the Financial Services industry. There are 100 other stocks in this industry, WEX did better than 66% 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 has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 174.09. Right above this resistance zone may be a good entry point.
More info and screens
147.70
182.35
3 important support areas can be observed.
- A support zone ranging from 171.30 to 172.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 166.37 to 166.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @149.19 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 174.09 to 176.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @180.54 from a trend line in the weekly time frame.
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 WEX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WEX is up. |
| ChartMill Relative Strength | 66.92 | NEUTRAL | WEX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WEX is above a declining 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 | MIXED | The current price of WEX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.74 | NEUTRAL | The RSI value for WEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.95 | NEGATIVE | The MACD value suggests WEX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.95 | NEUTRAL | The Stochastics value for WEX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for WEX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.1 | POSITIVE | The high ADX value value for WEX suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 176.28 | 171.29 | 4.99 (2.83%) | 25.00% |
| An entry @176.28. This is a Buy Stop order right above the resistance zone. | An exit @171.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.99 points, which is 2.83%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
- The distance between exit and entry is rather small compared to the average daily movement of WEX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
172.87
+3.26 (+1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg1.92%
1 Week-0.87%
2 Weeks2.74%
1 Month-1.57%
3 Month29.65%
6 Month14.86%
12 Month-6.84%
2 Year-11.88%
3 Year12.07%
5 Year8.24%
10 Year82.87%
15 YearN/A
Volatility
ATR(14)4.16
ATR(20)%2.51%
ATR Inc-11.07%
Range Today4.43
ADR(20)4.2
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.92
Mansfield-0.48
10 Day High177
10 Day Low165.49
20 Day High177.37
20 Day Low163.03
52 Week High217.47
52 Week Low110.45
CS1 End172.86
CR1 Start174.09
Volume & EV
DER(3)2.56%
DER(5)2.6%
Volume299.80K
Volume Incr-28.95%
Vol(5)360.34K
Vol(50)484.98K