Wec Energy Group $WEC Technical Update – Stock Traders Daily

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Wec Energy Group $WEC Technical Update

The Wec Energy Group (NYSE: WEC) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for WEC, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Strong Neutral Neutral
P1 65.77 65.59 63.03
P2 67.00 68.25 66.99
P3 67.58 70.72 70.92

Long Term Trading Plans for WEC

October 3, 2018, 9:30 am ET

The Technical Summary and Trading Plans for WEC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this WEC Report.

WEC – (Long) Support Plan

Buy over 66.99 target 70.92 stop loss @ 66.73.
The technical summary data tells us to buy WEC near 66.99 with an upside target of 70.92. This data also tells us to set a stop loss @ 66.73 to protect against excessive loss in case the stock begins to move against the trade. 66.99 is the first level of support below 67.67 , and by rule, any test of support is a buy signal. In this case, support 66.99 is being tested, a buy signal would exist.

WEC – (Short) Resistance Plan

Short under 70.92 target 66.99 stop loss @ 71.18
The technical summary data is suggesting a short of WEC as it gets near 70.92 with a downside target of 66.99. We should have a stop loss in place at 71.18 though. 70.92 is the first level of resistance above 67.67, and by rule, any test of resistance is a short signal. In this case, if resistance 70.92 is being tested, a short signal would exist.

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