WEC Energy stock: buy or sell

WEC stock price: $94.44 -2.13% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

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WEC Energy stock brief

  • WEC Energy stock went down -2.13% to close at $94.44 on the stock market on Wednesday, breaking a streak of 4 sessions in green.
  • WEC Energy is presenting its earnings report next Tuesday
  • From the chart point view, price is drawing an scaled downtrend since last April with lower tops and lower bottoms. this downtrend marked a -4.75% loss.
  • WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States.

Should I buy WEC Energy stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?

Currently, WEC Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $WEC will slide in coming sessions, or it will 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. Like when we have to buy shares, deciding when is appropiate to sell is not a whimsy decision, and we must follow our own trading style. When selling, as well as buying, our setups are very simple to follow and are only valid for selling stocks in your porfolio, not for selling short $WEC stock

As a golden rule, you should not hold an investment that leads to higher than expected losses at the time of the buy. When to sell your stock should always be ruled by the stop-loss (automatic or manual)

Is it time to sell WEC Energy stock?

In the current situation of WEC Energy there is not any eligible sell setup, so WEC Energy stock holders with operations in green can keep their positions

WEC Energy ratings

We don't have any rating posted in the last month for WEC Energy

WEC Energy stock analysis

WEC Energy continues trending lower since last April, and has lost a -4.75%. The stock plotted 2 consecutive lower tops.

SMAs overview

WEC stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $97.48 (3.22% above)
  • R2: $98.33 (4.12% above)
  • R3: $99.06 (4.89% above)
  • The current support levels are:

  • S1: $93.83 (-0.65% below)
  • S2: $93.53 (-0.96% below)
  • S3: $93.47 (-1.03% below)
  • Bollinger bands

    Since the price surpassed the upper band on Tuesday, the price sliced by 2.30%. The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    WEC stock Bollinger Bands chart

    Relative strength index

    The has been between the the levels of 30 and 70 for some weeks, and therefore, without this indicator really serving to help us make any decisions.

    WEC stock RSI chart

    WEC Energy stock price history

    WEC Energy started trading on Mar 17th, 1980 priced at $0.00 per share1. Since then, WEC stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in WEC Energy stock on Mar 1980, it 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

    Nobody knows how much a stock will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, financial institutions release their price target based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial information by the company, and many times. Again, these predictions are not direct recommendations for individual investors and must not be trusted blindly.

    We don't have any target price published in the previous 30 days for WEC Energy.

    Earnings and financials

    WEC Energy ($WEC) is releasing Q2 earnings report next Tuesday. Analysts predict of $0.79, that is a 50.93% lower than Q1.

    WEC Energy Group, Inc. ($WEC) published quarterly earnings of $1.61 per share last May, slightly upping the analysts consensus estimate of $1.47 per share. This quarterly report represents an earnings surprise of 9.52%. Estimated turnover for Q1 was $2.3 billion but WEC Energy uplifted by 16.49%, reporting $2.7 billion.

    In contrast, the EPS for the same quarter last year was $1.43, so current EPS is a improvement of 12.59%. Sales exploded a 27.64% on an annualized basis in the , from $21.1B to $26.9B last quarter.

    WEC Energy performance

    WEC performance compared
    Company1m3m6m
    WEC Energy ($WEC) 4.40% 0.50% 5.90%

    Important note:
    The thoughts written in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the particular conditions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for general educational reasons only

    WEC Energy summary

    Wednesday, July 28th, 2021
    Open$96.25
    Close$94.44
    Day range$93.8 - $96.25
    Previous close$96.5
    Session gain-2.13%
    Average true range$2.23
    50d mov avg$92.65
    100d mov avg$92.86
    200d mov avg$91.90
    Earnings dateAugust 3rd, 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 no ratings in the last 30 days Read the article to get additional tips on trading WEC stock.

    Will WEC go up?

    There were no price targets published by market analysts in the last 30 days for WEC Energy.