Learn to Evaluate (WEX) using the Charts

November 16, 2024, 00:44 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WEX

• Buy WEX near 165.5 target 190.96 stop loss @ 165.02 Details

The technical summary data tells us to buy WEX near 165.5 with an upside target of 190.96. This data also tells us to set a stop loss @ 165.02 to protect against excessive loss in case the stock begins to move against the trade. 165.5 is the first level of support below 179.08 , and by rule, any test of support is a buy signal. In this case, support 165.5 would be being tested, so a buy signal would exist.

• Short WEX slightly under 190.96, target 165.5, stop loss @ 191.51 Details

The technical summary data is suggesting a short of WEX as it gets near 190.96 with a downside target of 165.5. We should have a stop loss in place at 191.51though. 190.96 is the first level of resistance above 179.08, and by rule, any test of resistance is a short signal. In this case, if resistance 190.96 is being tested, so a short signal would exist.

Swing Trading Plans for WEX

• Buy WEX slightly over 180.87, target 189.89, Stop Loss @ 180.35 Details

If 180.87 begins to break higher, the technical summary data tells us to buy WEX just slightly over 180.87, with an upside target of 189.89. The data also tells us to set a stop loss @ 180.35 in case the stock turns against the trade. 180.87 is the first level of resistance above 179.08, and by rule, any break above resistance is a buy signal. In this case, 180.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WEX slightly near 180.87, target 165.5, Stop Loss @ 181.39. Details

The technical summary data is suggesting a short of WEX if it tests 180.87 with a downside target of 165.5. We should have a stop loss in place at 181.39 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 180.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for WEX

• Buy WEX slightly over 179.47, target 180.99, Stop Loss @ 179.05 Details

If 179.47 begins to break higher, the technical summary data tells us to buy WEX just slightly over 179.47, with an upside target of 180.99. The data also tells us to set a stop loss @ 179.05 in case the stock turns against the trade. 179.47 is the first level of resistance above 179.08, and by rule, any break above resistance is a buy signal. In this case, 179.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WEX slightly near 179.47, target 165.5, Stop Loss @ 179.89. Details

The technical summary data is suggesting a short of WEX if it tests 179.47 with a downside target of 165.5. We should have a stop loss in place at 179.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 179.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Wex Inc. (WEX) available here: WEX.

WEX Ratings for November 16:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	165.5
P2	179.47	180.87	190.96
P3	180.99	189.89	216.8

AI Generated Signals for WEX

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Wex Inc. (NYSE: WEX) report below can help you understand how to do this. The trading plans for WEX, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.