The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 2/28/2025 -
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Wisconsin Energy Corp. (WEC) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 106.96
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
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It was a fifth consecutive positive week for the Wisconsin Energy Corp. (WEC). During the week, the WEC gained 2.60 points, or 2.50%, and closed at 106.70 on Friday, February 28, 2025. Weekly volume was 26% above average.

WEC is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See WEC long-term trend chart]
A long-term downtrend had started on March 17, 2020 at 109.53 and reached 68.01 on March 23, 2020. WEC lost 41.52 points, or 37.91%, in 0 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (106.96). 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 January 6, 2025 at 91.94 and reached 107.10 on February 28, 2025. WEC gained -15.16 points, or -16.49%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 104.86 and resistance is at 107.20. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See WEC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 7, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See WEC short-term trend chart]
A short-term uptrend had started on February 10, 2025 at 99.90 and reached 107.10 on February 28, 2025. WEC gained -7.20 points, or -7.21%, in 18 days. The price is now at the 5.56% retracement level.

Daily Technical Indicators: [See WEC daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since January 7, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.92
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 83.01
Overbought Bearish
Greed/Fear Indicator (GFI) 85.40
Overbought
Moving Average Converg./Diverg. (MACD) 1.85 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.47
Williams' Percentage Range (W%R) 2.60
Strong Overbought
Lane's Stochastic (%D-Slow) 86.41
Overbought
Greed/Fear Indicator (GFI) 79.78
Moving Average Converg./Diverg. (MACD) 2.82
Trading Signals
Description Value Chart
Upper Bollinger Band 107.27
Monthly Trendline Resistance 107.20
Yearly Trendline Resistance 106.96
Price 106.70
Daily Stochastic Crossing 106.21
Weekly Stochastic Crossing 105.78
Monthly Trendline Support 104.86
Parabolic System 104.70
20 Day Moving Average 102.93
Lower Bollinger Band 98.73
50 Day Moving Average 98.60
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Electric Utilities 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 99.90
Low Date 02/10/2025
High 107.10
High Date 02/28/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 99.90
Low Date 02/10/2025
High 107.10
High Date 02/28/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 107.20
Support 104.86
Low 91.94
Low Date 01/06/2025
High 107.10
High Date 02/28/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.13
Low Date 02/13/2024
High 107.10
High Date 02/28/2025
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 106.96
Support 77.03
High 109.53
High Date 03/17/2020
Low 68.01
Low Date 03/23/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.