WEX INC (WEX) Stock Technical Analysis
NYSE:WEX - New York Stock Exchange, Inc. - US96208T1043 - Common Stock - Currency: USD
Overall WEX gets a technical rating of 8 out of 10. 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.
In the last month WEX has a been trading in the 141.33 - 164.38 range, which is quite wide. It is currently trading near the high of this range.
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 55% of all stocks.
WEX is an average performer in the Financial Services industry, it outperforms 65% of 100 stocks in the same industry.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although WEX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
145.57
185.66
When analyzing the support we notice one important area.
- A support zone ranging from 147.04 to 154.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 163.41 to 163.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @183.82 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 | 55.15 | NEUTRAL | WEX is not amongst the best or worst performers 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 | MIXED | The current price of WEX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.36 | OVERBOUGHT | The high RSI value suggests WEX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests WEX has a positive trend. |
| Stochastics (14,3) | 87.91 | OVERBOUGHT | The high Stochastics value suggests WEX may be overbought. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for WEX suggests some volalility. |
| Average Directional Index/ADX (14) | 30.85 | 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)
163.4
+2.72 (+1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg1.69%
1 Week8.25%
2 Weeks8.14%
1 Month13.09%
3 Month25.78%
6 Month-9.97%
12 Month-9.44%
2 Year-13.7%
3 Year-1.69%
5 Year3.18%
10 Year60.13%
15 YearN/A
Volatility
ATR(14)4.14
ATR(20)%2.59%
ATR Inc49.97%
Range Today4.12
ADR(20)4.11
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.15
Mansfield-0.98
10 Day High164.38
10 Day Low146.98
20 Day High164.38
20 Day Low141.33
52 Week High217.47
52 Week Low110.45
CS1 End154.14
CR1 Start163.41
Volume & EV
DER(3)-2.28%
DER(5)-1.04%
Volume694.94K
Volume Incr5.07%
Vol(5)506.24K
Vol(50)487.93K