WATSCO INC (WSO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WSO - US9426222009 - Common Stock
Taking everything into account, WSO scores 0 out of 10 in our technical rating. WSO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
WSO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 347.34, a Stop Loss order could be placed below this zone.
More info and screens
340.01
We found 1 important support area.
- A support zone ranging from 343.44 to 347.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @355.87 from a horizontal line in the daily time frame.
- Resistance @393.29 from a trend line in the daily time frame.
- A resistance zone ranging from 454.78 to 459.00. 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 | DOWN | NEGATIVE | The long term trend for WSO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WSO is neutral. |
| ChartMill Relative Strength | 12.85 | NEGATIVE | WSO has a low relative strength, it was outperformed by 87.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WSO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WSO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WSO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.6 | NEUTRAL | The RSI value for WSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.63 | POSITIVE | The MACD value suggests WSO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.99 | OVERBOUGHT | The high Stochastics value suggests WSO may be overbought. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for WSO suggests some volalility. |
| Average Directional Index/ADX (14) | 25.34 | POSITIVE | The high ADX value value for WSO suggests a strong trend. |
347.77
-0.21 (-0.06%)
WATSCO INC / WSO FAQ
What is the technical rating for WSO stock?
ChartMill assigns a technical rating of 0 / 10 to WSO.
What is the trend direction for WSO stock?
The current trend direction for WATSCO INC (WSO) is Bearish.
What is the RSI signal for WSO stock?
WATSCO INC (WSO) has an RSI value of 48.5961. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WATSCO INC?
The MACD indicator for WATSCO INC (WSO) has a value of 2.63234, indicating a bullish trend.