WEYERHAEUSER CO (WY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WY - US9621661043 - REIT
We assign a technical rating of 2 out of 10 to WY. Recently some decent action could be observed, but in the medium term time frame this is still negative. WY was also a bad performer in the overall market in the last year.
WY has a bad technical rating, but it does show a decent setup pattern. 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 24.02. Right above this resistance zone may be a good entry point.
More info and screens
21.14
We found 1 important support area.
- A support zone ranging from 21.35 to 21.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 24.02 to 24.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 24.99 to 25.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 26.80 to 26.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 WY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WY is up. |
| ChartMill Relative Strength | 22.81 | NEGATIVE | WY has a low relative strength, it was outperformed by 77.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.14 | NEUTRAL | The RSI value for WY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests WY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.29 | OVERBOUGHT | The high Stochastics value suggests WY may be overbought. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for WY suggests some volalility. |
| Average Directional Index/ADX (14) | 24.9 | NEUTRAL | The ADX value for WY suggests a possible start of a new trend. |
23.55
-0.16 (-0.67%)
WEYERHAEUSER CO / WY FAQ
Can you provide the ChartMill technical rating for WEYERHAEUSER CO?
ChartMill assigns a technical rating of 2 / 10 to WY.
What is the trend direction for WY stock?
The current trend direction for WEYERHAEUSER CO (WY) is Bearish.
What is the RSI signal for WEYERHAEUSER CO (WY) stock?
WEYERHAEUSER CO (WY) has an RSI value of 60.139. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WEYERHAEUSER CO?
The MACD indicator for WEYERHAEUSER CO (WY) has a value of 0.160283, indicating a bearish trend.
What are the support and resistance levels for WEYERHAEUSER CO (WY) stock?
WEYERHAEUSER CO (WY) has a support level at 21.69 and a resistance level at 24.02. Check the full technical report for our detailed analysis of WY support and resistance levels.