WESCO International Technical Analysis (NYSE:WCC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The WCC stock chart pattern can give those who understand technical analysis an indication of which way WCC stock is headed, but cannot predict with 100% certainty as to what can happen to the WESCO International stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for WESCO International. Technical analysis uses an approach for WESCO International stock analysis that does not care for the fair value of a company but uses price and volume data only.
WESCO International Moving Average
Moving averages show the average price of WCC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $63.52 is below the last closing price of $65.45 and the 50 day moving average of $64.64 is below the last closing price of $65.45. The 10 and 20 day periods can predict short term moving average trends.
WESCO International Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the WCC stock. The stock price is trading between the average and the upper band in the context of WESCO International bollinger bands.
WESCO International Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The WESCO International MACD indicator can be used to identify bullish and bearish trends for the stock.
WESCO International Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of WCC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.