WEC Energy stock: buy or sell
Apr 22nd, 2021
WEC Energy stock brief
- WEC Energy closed on Wednesday at $97.28 after going down a -1.89%.
- 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?
In the current situation of WEC Energy there is not any eligible buy setup. 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?
When you own a stock with some profit, it's really hard to decide the best moment to sell and get your profits. Trading strategies give us the ability us to avoid rash decisions based on our moods or the noise that surrounds the market. When selling, as well as buying, detailed setups are very easy to follow and are only applicable for selling shares you already own, not for shorting $WEC stock
A golden rule is that you must never keep an investment that produces greater losses than those expected at the time of the buy. The moment to sell your stock must always be ruled 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 shares and your operation is in profit probably is not time to sell now
WEC Energy ratings
In the last 30 days, 2 ratings were published for WEC Energy
|Apr 8th, 2021|
|Apr 14th, 2021|
WEC Energy stock analysis
In late March, the price broke out above the previous top at $92.32 on the downtrend started in November 2020. Since then, the price action resulted in a 5.37% profit.
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price surpassed the upper band on Tuesday, the price sliced by 2.58%. The price is trading near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
After breaking out the line of 70 yesterday, fell back below with a value of 66.83. This is a signal of weakness for the stock and it must tip us off of weakness in the price action
WEC Energy stock price history
WEC Energy went public on Mar 17th, 1980 priced at $0.00 per share1. Since then, WEC stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on Mar 1980 would be valued $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for WEC Energy stock
Nobody knows how much a stock will be priced tomorrow. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial data by the company, and many times. If you are a small trader you shouldn't invest based on these projections.
There is just one price target available for WEC Energy that forecasts a price of $94.00.
|Brokerage firm||Price target|
|Apr 8th, 2021|
|Apr 14th, 2021|
Earnings and financials
WEC Energy Group, Inc. ($WEC) posted quarterly earnings of $0.86 per share last February, strongly uplifting the analysts consensus estimate of $0.73 per share. This Q4 report means an earnings surprise of 17.81%. Forecasted revenue for Q4 was $2.1 billion but WEC Energy slightly lowered by 8.37%, posting $1.9 billion.This compares to Earnings of $0.77 per share same quarter last year, so reported EPS means an improvement of 11.69%. Turnover barely changed on an annualized basis in the , from $19.5B to $19.3B last quarter.
WEC Energy ($WEC) is presenting earnings report next Monday. Wall Street expects of $1.47, compared to previous quarter that made $0.86.
WEC Energy performance
|WEC Energy ($WEC)||9.40%||11.90%||-2.20%|
Important:The viewpoints contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not know the particular situations of the reader, his or her own 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 Viewpoints are provided for general educational motives only
WEC Energy summary
|Wednesday, April 21st, 2021|
|Day range||$97.21 - $99.86|
|Average true range||$1.77|
|50d mov avg||$88.58|
|100d mov avg||$89.10|
|200d mov avg||$91.89|
|Earnings date||May 3rd, 2021|