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Archive
- 6/6/2025 -
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Wisconsin Energy Corp. (WEC) Technical Analysis
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| Summary:
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| | It was the negative week for the Wisconsin Energy Corp. (WEC). During the week, the WEC dropped -1.84 points, or -1.71%, and closed at 105.60 on Friday, June 6, 2025. It was the worst weekly loss since April 4, 2025. Weekly volume was 33% above average.
 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 Ascending Triangle chart pattern. The price is near the trend resistance line (106.82). 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 downtrend had started on April 3, 2025 at 111.00 and reached 100.60 on April 9, 2025. WEC lost 10.40 points, or 9.37%, in 0 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 100.29 and resistance is at 110.46. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle 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 below its signal line since May 9, 2025. This is an indication that the medium-term trend is down. 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 May 27, 2025 at 108.13 and reached 104.14 on June 6, 2025. WEC lost 3.99 points, or 3.69%, in 10 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
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