How the price action of Wec Energy Group ($WEC) is used to our Advantage
July 07, 2023, 22:15 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WEC
- Buy WEC slightly over 82.79 target 89.34 stop loss @ 82.55 Details
The technical summary data tells us to buy WEC near 82.79 with an upside target of 89.34. This data also tells us to set a stop loss @ 82.55 to protect against excessive loss in case the stock begins to move against the trade. 82.79 is the first level of support below 88.98 , and by rule, any test of support is a buy signal. In this case, support 82.79 would be being tested, so a buy signal would exist.
- Short WEC slightly under 89.34, target 82.79, stop loss @ 89.6 Details
The technical summary data is suggesting a short of WEC as it gets near 89.34 with a downside target of 82.79. We should have a stop loss in place at 89.6though. 89.34 is the first level of resistance above 88.98, and by rule, any test of resistance is a short signal. In this case, if resistance 89.34 is being tested, so a short signal would exist.
Swing Trading Plans for WEC
- Buy WEC slightly over 89.34, target 89.77, Stop Loss @ 89.08 Details
If 89.34 begins to break higher, the technical summary data tells us to buy WEC just slightly over 89.34, with an upside target of 89.77. The data also tells us to set a stop loss @ 89.08 in case the stock turns against the trade. 89.34 is the first level of resistance above 88.98, and by rule, any break above resistance is a buy signal. In this case, 89.34, 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 89.34, target 87.22, Stop Loss @ 89.6. Details
The technical summary data is suggesting a short of WEC if it tests 89.34 with a downside target of 87.22. We should have a stop loss in place at 89.6 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, 89.34, 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 89.34, target 89.77, Stop Loss @ 89.13 Details
If 89.34 begins to break higher, the technical summary data tells us to buy WEC just slightly over 89.34, with an upside target of 89.77. The data also tells us to set a stop loss @ 89.13 in case the stock turns against the trade. 89.34 is the first level of resistance above 88.98, and by rule, any break above resistance is a buy signal. In this case, 89.34, 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 89.34, target 87.22, Stop Loss @ 89.55. Details
The technical summary data is suggesting a short of WEC if it tests 89.34 with a downside target of 87.22. We should have a stop loss in place at 89.55 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, 89.34, 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 (WEC) available here: WEC.
WEC Ratings for July 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
82.79 |
| P2 |
90.01 |
87.22 |
89.34 |
| P3 |
91.23 |
89.77 |
95.41 |
AI Generated Signals for WEC
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Wec Energy Group (NYSE: WEC) data table below can help you with price action, and we have more details too. Trading plans for WEC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for WEC:
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