WEC Energy stock: buy or sell

WEC stock price: $87.38 -0.51% At close on Jan 22nd, 2021

Updated on:
Jan 25th, 2021

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WEC Energy stock brief

  • WEC Energy stock slightly moved -0.51% to close at $87.38 on the stock market last Friday.
  • WEC Energy is presenting its earnings report on Thursday
  • WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States.

Should I buy WEC Energy stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $WEC stock a buy?

In the current situation of WEC Energy there is not any eligible buy setup. This doesn't mean we expect a selloff for $WEC in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell WEC Energy stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies allow us to avoid impulsive decisions based on our feelings or the noise that surrounds the market. We like very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies should not be used for selling short $WEC stock

As a rule of thumb, you should never mantain an investment that results in greater losses than those expected by the time of the buy. The moment to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell WEC Energy stock?

Currently, WEC Energy stock doesn't match any of our preferred sell setups, so if you hold WEC Energy stock and your operation is in profit probably is not time to sell now

WEC Energy ratings

In the last 30 days, just one analyst rating was published for WEC Energy

WEC Energy analysts' ratings - Last month
Brokerage firmRating
Jan 13th, 2021
Barclays

WEC Energy stock analysis

SMAs overview

WEC stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $87.96 (0.66% above)
  • R2: $88.49 (1.27% above)
  • R3: $89.52 (2.45% above)
  • The current supports are:

  • S1: $86.08 (-1.49% below)
  • S2: $84.47 (-3.33% below)
  • S3: $84.44 (-3.36% below)
  • Bollinger bands

    Since the price broke down the lower band on January 12, the price bounced by 3.48%. The price is trading very close to the lower Bollinger band, signaling some level of oversold in recent sessions. This is not a buy point, as price can trade in these levels for many days and weeks

    WEC stock Bollinger Bands chart

    Relative strength index

    The RSI crossed up the oversold level of 30 on January 13 after just being in the oversold zone for 1 day (what can be considered a strength sign). The RSI value last Friday was 41.02

    WEC stock RSI chart

    WEC Energy stock price history

    WEC Energy went public priced at an adjusted price1 of $0.00 on Mar 1980. Since then, WEC stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would be valued $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    WEC stock price history chart

    Price target for WEC Energy stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.

    The following table shows the price target published by analysts in the last month. Again, these estimates are not direct recommendations for individual investors and must not be trusted blindly.

    There is just one price target available for WEC Energy that predicts a price of $107.00.

    WEC Energy stock price predictions
    Brokerage firmPrice target
    Jan 13th, 2021
    Barclays $107.00

    Earnings and financials

    WEC Energy ($WEC) will host the quarterly earnings call on Thursday. Wall Street analysts predict of $0.73, that is a 13.10% less than previous quarter.

    In case you are a shareholder of WEC Energy stock, you should double check your stop-loss, as financial report release day has higher than usual volatility. WEC Energy's website probably has further information.

    Last November, WEC Energy Group, Inc. ($WEC) posted adjusted EPS for that uplifted analysts' expectations. Quarterly EPS was $0.84 per share compared to the forecasted $0.76. This quarterly report means an earnings surprise of 10.53%. On the contrary, reported sales were $1.7 billion, consistent with the market forecasts.

    Same quarter one year ago, reported EPS was $0.74, so recently posted EPS is a gain of 13.51%. Turnover scarcely moved on an annualized basis in the , from $16.1B to $16.5B last quarter.

    WEC Energy performance

    WEC performance compared
    Company1m3m6m
    WEC Energy ($WEC) -2.90% -12.80% -5.90%

    Important note:
    The opinions contained in this post are personal and not recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the particular positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for learning reasons only

    WEC Energy summary

    Friday, January 22nd, 2021
    Open$87.95
    Close$87.38
    Day range$86.83 - $87.95
    Previous close$87.83
    Session gain-0.51%
    Average true range$2.63
    50d mov avg$92.98
    100d mov avg$95.52
    200d mov avg$92.61
    Earnings dateJanuary 28th, 2021

    Frequently asked questions

    What is WEC Energy stock symbol?

    WEC Energy Group, Inc. is a public company trading in the US stock market with the WEC symbol

    Is WEC Energy stock a buy or sell?

    WEC Energy had one rating in the last 30 days Read the article to get additional tips on trading WEC stock.

    Will WEC go up?

    WEC Energy had different price forecasts issued by market analysts in the last 30 days forecasting the target price to $107.00. That is a 22.45% than the current price ($87.38).