WESBANCO INC (WSBC) Stock Technical Analysis
USA - NASDAQ:WSBC - US9508101014 - Common Stock
32.27 USD
-0.05 (-0.15%)
32.27 USD
0 (0%)
Taking everything into account, WSBC scores 4 out of 10 in our technical rating. In the last year, WSBC was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
WSBC is one of the lesser performing stocks in the Banks industry. 62% of 392 stocks in the same industry do better.
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 52% of all stocks.
WSBC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WSBC is lagging the market.
In the last month WSBC has a been trading in the 30.61 - 33.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, WSBC does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 32.20, 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
25.86
36.82
When analyzing the support we can see 4 important areas.
- A support zone ranging from 31.65 to 32.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.33 to 30.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 29.44 to 29.51. 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.
- Resistance @32.67 from a trend line in the daily time frame.
- Resistance @33.70 from a horizontal line in the daily time frame.
- Resistance @36.46 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 WSBC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WSBC is neutral. |
| ChartMill Relative Strength | 52.81 | NEUTRAL | WSBC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WSBC is above 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) | DOWN | MIXED | The current price of WSBC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.74 | NEUTRAL | The RSI value for WSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests WSBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.84 | NEUTRAL | The Stochastics value for WSBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for WSBC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.33 | NEGATIVE | The low ADX value for WSBC suggests a weak or negative 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)
32.27
-0.05 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.15%
1 Week2.09%
2 Weeks-0.03%
1 Month3.46%
3 Month7.21%
6 Month2.28%
12 Month5.73%
2 Year32.15%
3 Year-3.3%
5 Year51.08%
10 Year2.61%
15 Year97.49%
Volatility
ATR(14)0.72
ATR(20)%2.21%
ATR Inc50.31%
Range Today0.68
ADR(20)0.69
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.81
Mansfield-0.98
10 Day High32.4
10 Day Low30.61
20 Day High33.1
20 Day Low30.61
52 Week High37.36
52 Week Low26.42
CS1 End32.2
CR1 Start32.67
Volume & EV
DER(3)0.92%
DER(5)0.51%
Volume2.87M
Volume Incr133.4%
Vol(5)998.30K
Vol(50)558.21K