WASTE CONNECTIONS INC (WCN.CA) Stock Technical Analysis
TSX:WCN - Toronto Stock Exchange - CA94106B1013 - Common Stock - Currency: CAD
Overall WCN gets a technical rating of 6 out of 10. WCN was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that WCN is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by WCN over the past year are nicely spread over this period.
WCN is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so WCN slightly outperforms the market at the moment.
WCN is part of the Commercial Services & Supplies industry. There are 24 other stocks in this industry, WCN did better than 60% of them.
In the last month WCN has a been trading in the 258.12 - 284.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, WCN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 269.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 268.21, a Stop Loss order could be placed below this zone.
More info and screens
237.11
284.38
3 important support areas can be observed.
- A support zone ranging from 263.31 to 268.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 255.28 to 258.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 239.51 to 239.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 269.57 to 281.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.89
Mansfield1.44
10 Day High275.77
10 Day Low258.12
20 Day High284.73
20 Day Low258.12
52 Week High284.73
52 Week Low219.62
Performance
1 Week-0.49%
2 Weeks1.04%
1 Month-0.78%
3 Month5.46%
6 Month10.13%
12 Month20.42%
2 Year42.85%
3 Year51.9%
5 Year124.79%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.32
RSI(14)47.13
LBB259.74
UBB284.03
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 |
|---|---|---|---|
| 269.59 | 263.30 | 6.28 (2.33%) | 25.00% |
| An entry @269.58. This is a Buy Stop order right above the 10 day moving average. | An exit @263.30. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.28 points, which is 2.33%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WCN. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:WCN (4/21/2025, 7:00:00 PM)
269.21
-4.15 (-1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-1.52%
1 Week-0.49%
2 Weeks1.04%
1 Month-0.78%
3 Month5.46%
6 Month10.13%
12 Month20.42%
2 Year42.85%
3 Year51.9%
5 Year124.79%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.51
ATR(20)%2.35%
ATR Inc-42.91%
Range Today6.02
ADR(20)6.19
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.89
Mansfield1.44
10 Day High275.77
10 Day Low258.12
20 Day High284.73
20 Day Low258.12
52 Week High284.73
52 Week Low219.62
CS1 End268.21
CR1 Start269.57
Volume & EV
DER(3)-7.54%
DER(5)-5.3%
Volume245.06K
Volume Incr-47.41%
Vol(5)217.59K
Vol(50)338.91K