WATSCO INC (WSO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WSO - US9426222009 - Common Stock
Overall WSO gets a technical rating of 0 out of 10. WSO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, WSO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 354.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 346.91, a Stop Loss order could be placed below this zone.
More info and screens
341.63
We found 1 important support area.
- A support zone ranging from 345.08 to 346.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 354.62 to 359.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @368.29 from a horizontal line in the daily time frame.
- Resistance @384.45 from a trend line in the daily time frame.
- Resistance @447.37 from a trend line in the weekly time frame.
- Resistance @463.56 from a trend 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 | 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 | 15.82 | NEGATIVE | WSO has a low relative strength, it was outperformed by 84.18% 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) | 50.07 | NEUTRAL | The RSI value for WSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests WSO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.24 | NEUTRAL | The Stochastics value for WSO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for WSO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.01 | NEGATIVE | The low ADX value for WSO suggests a weak or negative trend. |
347.33
+10.38 (+3.08%)
WATSCO INC / WSO FAQ
What is the technical rating for WSO stock?
ChartMill assigns a technical rating of 0 / 10 to WSO.
Can you provide the trend direction for WATSCO INC?
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 50.0706. This indicates that the stock is currently neutral.
What is the short term momentum for WATSCO INC (WSO) stock?
The short term momentum for WATSCO INC (WSO) is neutral.