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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

90% of all other stocks performed better in the past year than WSO.

WSO is one of the lesser performing stocks in the Trading Companies & Distributors industry. 81% of 49 stocks in the same industry do better.

WSO is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month WSO has a been trading in the 366.30 - 421.57 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

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

The technical rating of WSO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

363.28

497.09

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 394.84 to 414.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 464.17 to 469.60. 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	10.75	NEGATIVE	WSO has a low relative strength, it was outperformed by 89.25% 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)	31.53	NEUTRAL	The RSI value for WSO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.74	NEGATIVE	The MACD value suggests WSO has a negative trend.
Stochastics (14,3)	13.62	OVERSOLD	The low Stochastics value suggests WSO may be oversold.
Average True Range in percent/ATR (20)	2.97	MEDIUM VOLATILITY	The ATR as a percentage value for WSO suggests some volalility.
Average Directional Index/ADX (14)	22.1	NEUTRAL	The ADX value for WSO suggests a possible start of a new trend.