WEX INC (WEX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:WEX • US96208T1043
We assign a technical rating of 4 out of 10 to WEX. 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.
- 74% of all other stocks performed better in the past year than WEX.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- WEX is an average performer in the Financial Services industry, it outperforms 45% of 97 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.
- In the last month WEX has a been trading in the 146.87 - 164.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WEX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 150.03, a Stop Loss order could be placed below this zone.
More info and screens
135.03
We found 3 important support areas.
- A support zone ranging from 149.20 to 150.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 141.93 to 142.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 136.39 to 137.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 154.51 to 160.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @165.26 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 | NEUTRAL | NEUTRAL | The short term trend for WEX is neutral. |
| ChartMill Relative Strength | 26.22 | NEGATIVE | WEX has a low relative strength, it was outperformed by 73.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WEX is below 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) | 47.16 | NEUTRAL | The RSI value for WEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests WEX has a negative trend. |
| Stochastics (14,3) | 32.16 | NEUTRAL | The Stochastics value for WEX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for WEX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.3 | NEUTRAL | The ADX value for WEX suggests a possible start of a new trend. |
153.9
-3.73 (-2.37%)
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 trend direction for 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 47.1584. This indicates that the stock is currently neutral.
What is the MACD signal for WEX INC (WEX) stock?
The MACD indicator for WEX INC (WEX) has a value of -0.638324, indicating a bearish trend.
What is the support and resistance level for WEX stock?
WEX INC (WEX) has a support level at 150.03 and a resistance level at 154.51. Check the full technical report for our detailed analysis of WEX support and resistance levels.