WESCO INTERNATIONAL INC. - Daily - Technical analysis published on 02/04/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 49.60 USD
My targets
46.83 USD (-3.44%)
44.18 USD (-8.91%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WESCO INTERNATIONAL INC. as long as the price remains well below 49.60 USD. The sellers” bearish objective is set at 46.83 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 44.18 USD. In case of crossing, the next objective would be the support located at 42.54 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WESCO INTERNATIONAL INC. rating is 48.50 USD. The price is lower by +0.19% since the last closing and was traded between 48.44 USD and 49.29 USD over the period. The price is currently at +0.12% from its lowest and -1.60% from its highest.48.44
49.29
48.50
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of WESCO INTERNATIONAL INC. in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 42.54 | 44.18 | 46.83 | 48.50 | 49.60 | 51.10 | 54.52 |
Change (%) | -12.29% | -8.91% | -3.44% | - | +2.27% | +5.36% | +12.41% |
Change | -5.96 | -4.32 | -1.67 | - | +1.10 | +2.60 | +6.02 |
Level | Major | Minor | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 45.50 | 46.90 | 47.66 | 49.06 | 49.82 | 51.22 | 51.98 |
Camarilla | 47.82 | 48.01 | 48.21 | 48.41 | 48.61 | 48.81 | 49.00 |
Woodie | 45.17 | 46.74 | 47.33 | 48.90 | 49.49 | 51.06 | 51.65 |
Fibonacci | 46.90 | 47.73 | 48.24 | 49.06 | 49.89 | 50.40 | 51.22 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 41.87 | 45.09 | 46.75 | 49.97 | 51.63 | 54.85 | 56.51 |
Camarilla | 47.07 | 47.52 | 47.96 | 48.41 | 48.86 | 49.31 | 49.75 |
Woodie | 41.09 | 44.70 | 45.97 | 49.58 | 50.85 | 54.46 | 55.73 |
Fibonacci | 45.09 | 46.95 | 48.11 | 49.97 | 51.83 | 52.99 | 54.85 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 31.03 | 39.67 | 44.04 | 52.68 | 57.05 | 65.69 | 70.06 |
Camarilla | 44.83 | 46.03 | 47.22 | 48.41 | 49.60 | 50.80 | 51.99 |
Woodie | 28.90 | 38.60 | 41.91 | 51.61 | 54.92 | 64.62 | 67.93 |
Fibonacci | 39.67 | 44.64 | 47.71 | 52.68 | 57.65 | 60.72 | 65.69 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 22.31 | |
MACD (12,26,9): | -1.7800 | |
Directional Movement: | -29.44 | |
AROON (14): | -92.86 | |
DEMA (21): | 51.72 | |
Parabolic SAR (0,02-0,02-0,2): | 52.53 | |
Elder Ray (13): | -3.65 | |
Super Trend (3,10): | 53.13 | |
Zig ZAG (10): | 48.50 | |
VORTEX (21): | 0.6600 | |
Stochastique (14,3,5): | 4.83 | |
TEMA (21): | 49.70 | |
Williams %R (14): | -97.76 | |
Chande Momentum Oscillator (20): | -7.10 | |
Repulse (5,40,3): | -6.3400 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.2300 | |
Courbe Coppock: | 23.13 |
MA7: | 51.14 | |
MA20: | 54.82 | |
MA50: | 55.24 | |
MA100: | 52.18 | |
MAexp7: | 50.89 | |
MAexp20: | 53.59 | |
MAexp50: | 54.23 | |
MAexp100: | 53.01 | |
Price / MA7: | -5.16% | |
Price / MA20: | -11.53% | |
Price / MA50: | -12.20% | |
Price / MA100: | -7.05% | |
Price / MAexp7: | -4.70% | |
Price / MAexp20: | -9.50% | |
Price / MAexp50: | -10.57% | |
Price / MAexp100: | -8.51% |
News
The latest news and videos published on WESCO INTERNATIONAL INC. at the time of the analysis were as follows:
- WESCO International Named to 2020 Bloomberg Gender-Equality Index
- WESCO International and Anixter International Announce Merger Agreement to Create a Premier Electrical and Data Communications Distribution and Supply Chain Services Company
- WESCO International and Anixter International Announce Merger Agreement to Create a Premier Electrical and Data Communications Distribution and Supply Chain Services Company
- WESCO Confirms Revised Proposal to Acquire Anixter for $100 per Share
- Anixter Board Determines Revised Offer From WESCO Constitutes a Superior Company Proposal
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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