TA on levels of interest for NYSE:WEC
Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a...
We are sticking within a long broad sideward range for 2 years now. The last attempt to reach the highs of May and August 2022 has failed in November. This week's spike may be seen as a correction of the drop after this failure. At present I don't see the momentum to leave the broad range. Thus I prefer to sell this week's rally for a test of the downside of the...
The PEAD projected a bullish outlook for $WEC after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 77.78%.
The PEAD projected a Bullish outlook for $WEC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
An unconventional bullflag, using a long term price up trend as the flag pole and recent more flat price action as the flag
From here price should break out like a normal bullflag should on a daily timeframe (I expect price action to become increasingly steeper)
The PEAD projected a Bullish outlook for $WEC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 71.43%.
Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $105.24 / $104.13
Target Price: $106.38 / $105.20
Stop Loss: $103.33
We are breaking out of the cloud w the lagging indicator and setting up for a nice run. $95 calls on this set out to September are pretty cheap and will pAy nicely.
NYSE:WEC triggered a volatility alert this morning. The level it is at is a former Resistance that has been turned into confirmed Support. It is worth a long trade off this level.
Description: WEC is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $96.7 - $99.5
2. Take profit: $106.94
3. Stop Loss: $94.98
4. Risk To Reward: 1 / 3
5. Accuracy Rating: 84%
WEC Energy Group, Inc.
Flag (Bearish)
Outlook:Bearish
Short Term Target:77.52
Current Price:82.26
Idea Generated at:Mar 3, 2021
This stock has formed a pattern called Flag (Bearish), providing a target price for the short to mid term in the range of 75.25 to 76.50.
WEC Energy Group's electric and gas utility businesses serve electric and gas customers in its Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 52% electric generation and distribution, 33% gas distribution, 13% electric transmission, and 2% unregulated...
