WEX INC (WEX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WEX - US96208T1043 - Common Stock
Taking everything into account, WEX scores 4 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 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 153.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 153.07, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
131.67
We found 3 important support areas.
- A support zone ranging from 149.55 to 153.07. 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 140.42. 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 153.92 to 154.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @167.18 from a trend line in the weekly time frame.
- Resistance @175.63 from a horizontal 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 | 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 | 24.5 | NEGATIVE | WEX has a low relative strength, it was outperformed by 75.5% 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) | UP | POSITIVE | The current price of WEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.28 | NEUTRAL | The RSI value for WEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests WEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.45 | NEUTRAL | The Stochastics value for WEX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for WEX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.24 | NEGATIVE | The low ADX value for WEX suggests a weak or negative trend. |
153.12
+0.41 (+0.27%)
WEX INC / WEX FAQ
What is the technical rating for WEX stock?
ChartMill assigns a technical rating of 4 / 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 55.2799. 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 153.07 and a resistance level at 153.92. Check the full technical report for our detailed analysis of WEX support and resistance levels.