WEC ENERGY GROUP INC (WEC) Stock Technical Analysis
NYSE:WEC - New York Stock Exchange, Inc. - US92939U1060 - Common Stock - Currency: USD
Taking everything into account, WEC scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WEC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that WEC is one of the better performing stocks in the market, outperforming 92% of all stocks.
WEC is part of the Multi-Utilities industry. There are 25 other stocks in this industry. WEC outperforms 87% of them.
WEC is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month WEC has a been trading in the 100.64 - 111.00 range, which is quite wide. It is currently trading near the high of this range.
WEC has an average volume of 2466570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WEC has an excellent technical rating and also presents 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 108.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 106.58, a Stop Loss order could be placed below this zone.
More info and screens
92.48
110.07
We found 2 important support areas.
- A support zone ranging from 101.48 to 106.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 93.41 to 95.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 108.40 to 108.98. This zone is formed by a combination of multiple trend lines 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
CRS92.15
Mansfield2.39
10 Day High109.89
10 Day Low100.64
20 Day High111
20 Day Low100.64
52 Week High111
52 Week Low77.47
Performance
1 Week2.73%
2 Weeks-0.13%
1 Month0.54%
3 Month9.45%
6 Month8.55%
12 Month32.9%
2 Year12.71%
3 Year8.34%
5 Year19.7%
10 Year120.66%
15 Year312.84%
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)0.13
RSI(14)57.33
LBB102.47
UBB111.11
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 |
|---|---|---|---|
| 108.99 | 100.63 | 8.36 (7.67%) | 13.04% |
| An entry @108.99. This is a Buy Stop order right above the resistance zone. | An exit @100.63. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.36 points, which is 7.67%. | When investing 13.04% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
108.39
+1.03 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.96%
1 Week2.73%
2 Weeks-0.13%
1 Month0.54%
3 Month9.45%
6 Month8.55%
12 Month32.9%
2 Year12.71%
3 Year8.34%
5 Year19.7%
10 Year120.66%
15 Year312.84%
Volatility
ATR(14)2.94
ATR(20)%2.43%
ATR Inc-20.42%
Range Today2.29
ADR(20)2.58
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.15
Mansfield2.39
10 Day High109.89
10 Day Low100.64
20 Day High111
20 Day Low100.64
52 Week High111
52 Week Low77.47
CS1 End106.58
CR1 Start108.4
Volume & EV
DER(3)-0.9%
DER(5)-0.11%
Volume1.57M
Volume Incr-31.94%
Vol(5)1.78M
Vol(50)2.47M