WSO Technical Analysis - WATSCO INC

Technical Rating and Analysis

Overall WSO gets a technical rating of 0 out of 10. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, WSO is a bad performer in the overall market: 87% of all stocks are doing better.

WSO is one of the lesser performing stocks in the Trading Companies & Distributors industry. 85% of 50 stocks in the same industry do better.

WSO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month WSO has a been trading in the 378.35 - 427.25 range, which is quite wide. It is currently trading near the lows of this range.

Volume is considerably higher in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, WSO does present a nice setup opportunity. Prices have been consolidating lately.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

378.11

497.09

When analyzing the support we notice one important area.

A support zone ranging from 381.93 to 381.93. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 5 important areas.

A resistance zone ranging from 396.16 to 400.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @408.99 from a horizontal line in the daily time frame.
A resistance zone ranging from 415.81 to 420.61. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
A resistance zone ranging from 471.12 to 475.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @492.17 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for WSO is down.
ChartMill Relative Strength	13.14	NEGATIVE	WSO has a low relative strength, it was outperformed by 86.86% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WSO is below 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)	39.42	NEUTRAL	The RSI value for WSO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.15	POSITIVE	The MACD value suggests WSO has a positive trend, although the MACD value is declining.
Stochastics (14,3)	30.77	NEUTRAL	The Stochastics value for WSO is a neutral value.
Average True Range in percent/ATR (20)	3.09	MEDIUM VOLATILITY	The ATR as a percentage value for WSO suggests some volalility.
Average Directional Index/ADX (14)	33.87	POSITIVE	The high ADX value value for WSO suggests a strong trend.