WESBANCO INC (WSBC) Stock Technical Analysis
NASDAQ:WSBC • US9508101014
Taking everything into account, WSBC 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, WSBC is only an average performer.
- WSBC is one of the lesser performing stocks in the Banks industry. 64% of 379 stocks in the same industry do better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- WSBC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WSBC is lagging the market slightly.
- 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 53% of all stocks.
- In the last month WSBC has a been trading in the 33.94 - 38.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WSBC has an excellent technical rating, but the quality of the setup is 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
7 important support areas can be observed.
- A support zone ranging from 35.01 to 35.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.70 from a horizontal line in the daily time frame.
- Support @32.04 from a trend line in the weekly time frame.
- A support zone ranging from 30.09 to 30.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.44 from a horizontal line in the daily time frame.
- Support @27.51 from a trend line in the weekly time frame.
- Support @26.12 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @35.36 from a trend line in the daily 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 WSBC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WSBC is neutral. |
| ChartMill Relative Strength | 53.49 | 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) | UP | POSITIVE | The current price of WSBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WSBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.61 | NEUTRAL | The RSI value for WSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests WSBC has a negative trend. |
| Stochastics (14,3) | 24.73 | NEUTRAL | The Stochastics value for WSBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for WSBC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.04 | NEGATIVE | The low ADX value for WSBC suggests a weak or negative trend. |
35.32
-0.1 (-0.28%)
WESBANCO INC / WSBC FAQ
What is the technical rating for WSBC stock?
ChartMill assigns a technical rating of 7 / 10 to WSBC.
Can you provide the trend direction for WESBANCO INC?
The current trend direction for WESBANCO INC (WSBC) is Bullish.
What is the RSI signal for WSBC stock?
WESBANCO INC (WSBC) has an RSI value of 44.6078. This indicates that the stock is currently neutral.
What are the support and resistance levels for WESBANCO INC (WSBC) stock?
WESBANCO INC (WSBC) has a support level at 35.31 and a resistance level at 35.36. Check the full technical report for our detailed analysis of WSBC support and resistance levels.