|
|
Archive
- 4/5/2024 -
Sign In to see current Signals. |
Wisconsin Energy Corp. (WEC) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Wisconsin Energy Corp. (WEC). During the week, the WEC dropped -1.84 points, or -2.24%, and closed at 80.28 on Friday, April 5, 2024. It was the worst weekly loss since February 9, 2024. Weekly volume was -22% below average.
 Long-term trend: [See WEC long-term trend chart]
A long-term downtrend had started on December 14, 2023 at 87.66 and reached 75.13 on February 13, 2024. WEC lost 12.53 points, or 14.29%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (81.25). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See WEC medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 75.13 and reached 82.76 on March 11, 2024. WEC gained -7.63 points, or -10.16%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 79.36 and resistance is at 87.05. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See WEC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since March 8, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See WEC short-term trend chart]
A short-term downtrend had started on March 11, 2024 at 82.76 and reached 78.50 on March 26, 2024. WEC lost 4.26 points, or 5.15%, in 15 days. The price is now at the 41.78% retracement level.
Daily Technical Indicators: [See WEC daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (4.09%) is close to one year low (4.34%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
| |
|
|