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Archive
- 11/22/2024 -
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Western Union Co. (WU) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the Western Union Co. (WU). During the week, the WU gained 0.21 points, or 1.94%, and closed at 11.06 on Friday, November 22, 2024. It was the best weekly gain since September 27, 2024. WU was trading at average weekly trading volume.
 Long-term trend: [See WU long-term trend chart]
A long-term downtrend had started on February 11, 2020 at 28.45 and reached 10.07 on March 15, 2023. WU lost 18.38 points, or 64.60%, in 161 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 5.86 and resistance is at 21.13. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See WU medium-term trend chart]
A medium-term uptrend had started on March 15, 2023 at 10.07 and reached 14.19 on March 8, 2024. WU gained -4.12 points, or -40.91%, in 51 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (12.41) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See WU weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 below its signal line since May 10, 2024. Use the following link to access a MACD help.
Short-term trend: [See WU short-term trend chart]
A short-term downtrend had started on September 27, 2024 at 12.40 and reached 10.51 on November 12, 2024. WU lost 1.89 points, or 15.24%, in 46 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 10.18 and resistance is at 11.39. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See WU daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 14, 2024.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
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