WESBANCO INC (WSBC) Stock Technical Analysis
NASDAQ:WSBC - Nasdaq - US9508101014 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to WSBC. WSBC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
WSBC is one of the lesser performing stocks in the Banks industry. 75% of 395 stocks in the same industry do better.
In the last month WSBC has a been trading in the 29.28 - 32.43 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, WSBC turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
WSBC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WSBC is lagging the market slightly.
WSBC has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
25.86
36.81
3 important support areas can be observed.
- A support zone ranging from 30.77 to 30.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.79 to 27.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.12 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 31.16 to 31.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 32.13 to 32.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 36.26 to 36.45. 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 WSBC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WSBC is neutral. |
| ChartMill Relative Strength | 50.11 | NEUTRAL | WSBC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WSBC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WSBC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WSBC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.46 | NEUTRAL | The RSI value for WSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests WSBC has a negative trend. |
| Stochastics (14,3) | 52.46 | NEUTRAL | The Stochastics value for WSBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for WSBC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.46 | NEUTRAL | The ADX value for WSBC suggests a possible start of a new 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)
30.91
+0.02 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.06%
1 Week-0.03%
2 Weeks-4.1%
1 Month3.79%
3 Month-11.86%
6 Month-12.54%
12 Month11.99%
2 Year28.04%
3 Year-9.25%
5 Year44.3%
10 Year-2.31%
15 Year64.24%
Volatility
ATR(14)0.69
ATR(20)%2.25%
ATR Inc-21.71%
Range Today0.38
ADR(20)0.61
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.11
Mansfield-0.5
10 Day High32.43
10 Day Low29.59
20 Day High32.43
20 Day Low29.28
52 Week High37.36
52 Week Low25.56
CS1 End30.89
CR1 Start31.16
Volume & EV
DER(3)-1.31%
DER(5)-1.86%
Volume361.60K
Volume Incr17.41%
Vol(5)520.26K
Vol(50)626.13K