WINTRUST FINANCIAL CORP (WTFC) Stock Technical Analysis
NASDAQ:WTFC - Nasdaq - US97650W1080 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to WTFC. WTFC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that WTFC is one of the better performing stocks in the market, outperforming 80% of all stocks.
WTFC is one of the better performing stocks in the Banks industry, it outperforms 70% of 395 stocks in the same industry.
In the last month WTFC has a been trading in the 116.57 - 125.20 range, which is quite wide. It is currently trading near the high of this range.
WTFC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WTFC is lagging the market.
Besides having an excellent technical rating, WTFC also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 120.75, 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
99.02
125.71
When analyzing the support we can see 3 important areas.
- A support zone ranging from 120.48 to 120.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 117.01 to 118.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @100.02 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @124.47 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for WTFC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WTFC is up. |
| ChartMill Relative Strength | 80.39 | POSITIVE | WTFC has a high relative strength, it outperformed 80.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WTFC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WTFC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WTFC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.39 | NEUTRAL | The RSI value for WTFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests WTFC has a positive trend. |
| Stochastics (14,3) | 74.01 | NEUTRAL | The Stochastics value for WTFC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for WTFC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.64 | NEGATIVE | The low ADX value for WTFC 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 124.48 | 120.47 | 4.01 (3.22%) | 25.00% |
| An entry @124.48. This is a Buy Stop order right above the resistance zone. | An exit @120.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.01 points, which is 3.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
123.32
-0.89 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.72%
1 Week2.44%
2 Weeks2.68%
1 Month2.81%
3 Month9.99%
6 Month-1.51%
12 Month25.12%
2 Year69.82%
3 Year53.86%
5 Year182.71%
10 Year131.02%
15 Year269.89%
Volatility
ATR(14)2.49
ATR(20)%2.05%
ATR Inc0.81%
Range Today1.97
ADR(20)2.37
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.39
Mansfield-0.07
10 Day High125.2
10 Day Low116.57
20 Day High125.2
20 Day Low116.57
52 Week High142.04
52 Week Low89.1
CS1 End120.75
CR1 Start124.47
Volume & EV
DER(3)1.79%
DER(5)1.3%
Volume911.60K
Volume Incr45.97%
Vol(5)474.04K
Vol(50)386.00K