WESTERN UNION CO (WU) Stock Technical Analysis
NYSE:WU - New York Stock Exchange, Inc. - US9598021098 - Common Stock - Currency: USD
Overall WU gets a technical rating of 0 out of 10. WU'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, WU is a bad performer in the overall market: 92% of all stocks are doing better.
WU is one of the lesser performing stocks in the Financial Services industry. 84% of 100 stocks in the same industry do better.
WU 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.
WU is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
WU has an average volume of 7646120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, WU does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 8.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.53, a Stop Loss order could be placed below this zone.
More info and screens
8.28
12.05
When analyzing the support we notice one important area.
- A support zone ranging from 8.36 to 8.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 8.63 to 8.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.14 to 9.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.27 from a horizontal line in the daily time frame.
- Resistance @10.57 from a horizontal line in the daily time frame.
- Resistance @10.83 from a trend line in the weekly time frame.
- Resistance @11.93 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 | DOWN | NEGATIVE | The long term trend for WU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WU is down. |
| ChartMill Relative Strength | 8.49 | NEGATIVE | WU has a low relative strength, it was outperformed by 91.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.39 | NEUTRAL | The RSI value for WU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WU has a positive trend. |
| Stochastics (14,3) | 41.25 | NEUTRAL | The Stochastics value for WU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for WU suggests some volalility. |
| Average Directional Index/ADX (14) | 38.16 | POSITIVE | The high ADX value value for WU suggests a strong 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)
8.62
-0.11 (-1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-1.26%
1 Week1.89%
2 Weeks2.13%
1 Month-7.41%
3 Month-14.91%
6 Month-17.83%
12 Month-28.88%
2 Year-29.23%
3 Year-49.35%
5 Year-64.5%
10 Year-57.41%
15 Year-46.89%
Volatility
ATR(14)0.23
ATR(20)%2.53%
ATR Inc-17.86%
Range Today0.18
ADR(20)0.21
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.49
Mansfield-2.62
10 Day High8.76
10 Day Low8.29
20 Day High9.49
20 Day Low8.29
52 Week High13.12
52 Week Low8.29
CS1 End8.53
CR1 Start8.63
Volume & EV
DER(3)1.79%
DER(5)-0.03%
Volume4.71M
Volume Incr11.49%
Vol(5)8.84M
Vol(50)7.65M