When the Price of (WEC) Talks, People Listen
October 30, 2024, 13:04 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WEC
- Buy WEC near 91.6 target 97.6 stop loss @ 91.34 Details
The technical summary data tells us to buy WEC near 91.6 with an upside target of 97.6. This data also tells us to set a stop loss @ 91.34 to protect against excessive loss in case the stock begins to move against the trade. 91.6 is the first level of support below 95.21 , and by rule, any test of support is a buy signal. In this case, support 91.6 is being tested, a buy signal would exist.
- Short WEC slightly under 97.6, target 91.6, stop loss @ 97.88 Details
The technical summary data is suggesting a short of WEC as it gets near 97.6 with a downside target of 91.6. We should have a stop loss in place at 97.88though. 97.6 is the first level of resistance above 95.21, and by rule, any test of resistance is a short signal. In this case, if resistance 97.6 is being tested, a short signal would exist.
Swing Trading Plans for WEC
- Buy WEC slightly over 96.53, target 97.6, Stop Loss @ 96.25 Details
If 96.53 begins to break higher, the technical summary data tells us to buy WEC just slightly over 96.53, with an upside target of 97.6. The data also tells us to set a stop loss @ 96.25 in case the stock turns against the trade. 96.53 is the first level of resistance above 95.21, and by rule, any break above resistance is a buy signal. In this case, 96.53, 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 WEC slightly near 96.53, target 91.6, Stop Loss @ 96.81. Details
The technical summary data is suggesting a short of WEC if it tests 96.53 with a downside target of 91.6. We should have a stop loss in place at 96.81 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, 96.53, 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 WEC
- Buy WEC slightly over 95.28, target 96.27, Stop Loss @ 95.06 Details
If 95.28 begins to break higher, the technical summary data tells us to buy WEC just slightly over 95.28, with an upside target of 96.27. The data also tells us to set a stop loss @ 95.06 in case the stock turns against the trade. 95.28 is the first level of resistance above 95.21, and by rule, any break above resistance is a buy signal. In this case, 95.28, 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 WEC slightly near 95.28, target 91.6, Stop Loss @ 95.5. Details
The technical summary data is suggesting a short of WEC if it tests 95.28 with a downside target of 91.6. We should have a stop loss in place at 95.5 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, 95.28, 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 Wec Energy Group Inc. (WEC) available here: WEC.
WEC Ratings for October 30:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Strong |
Strong |
P1 |
0 |
0 |
85.66 |
P2 |
95.28 |
96.53 |
91.6 |
P3 |
96.27 |
99.3 |
97.6 |
AI Generated Signals for WEC
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Wec Energy Group Inc. (NYSE: WEC) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for WEC can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for WEC: