Technical Analysis

Longer Term Trading Plans for WEC

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short WEC slightly under 106.91, target n/a, stop loss @ 107.22 Details

The technical summary data is suggesting a short of WEC as it gets near 106.91, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 107.22. 106.91 is the first level of resistance above 106.22, and by rule, any test of resistance is a short signal. In this case, if resistance 106.91 is being tested, so a short signal would exist.

Swing Trading Plans for WEC

• Buy WEC slightly over 106.91, target 107.84, Stop Loss @ 106.6 Details

If 106.91 begins to break higher, the technical summary data tells us to buy WEC just over 106.91, with an upside target of 107.84. The data also tells us to set a stop loss @ 106.6 in case the stock turns against the trade. 106.91 is the first level of resistance above 106.22, and by rule, any break above resistance is a buy signal. In this case, 106.91, 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 106.91, target 105.51, Stop Loss @ 107.22. Details

The technical summary data is suggesting a short of WEC if it tests 106.91 with a downside target of 105.51. We should have a stop loss in place at 107.22 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, 106.91, 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 106.25, target 106.91, Stop Loss @ 106 Details

If 106.25 begins to break higher, the technical summary data tells us to buy WEC just over 106.25, with an upside target of 106.91. The data also tells us to set a stop loss @ 106 in case the stock turns against the trade. 106.25 is the first level of resistance above 106.22, and by rule, any break above resistance is a buy signal. In this case, 106.25, 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 106.25, target 105.51, Stop Loss @ 106.5. Details

The technical summary data is suggesting a short of WEC if it tests 106.25 with a downside target of 105.51. We should have a stop loss in place at 106.5 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, 106.25, 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.

WEC Technical Summary | Raw Data for the Trading Plans