14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of WEX
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

WEX Inc stock downgraded to Strong Sell Candidate
(Updated on Jun 14, 2024)

Sell candidate since May 08, 2024 Loss -19.30% PDF

The WEX Inc stock price fell by -1.96% on the last day (Friday, 14th Jun 2024) from $172.85 to $169.47. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.11% from a day low at $168.39 to a day high of $171.94. The price has fallen in 9 of the last 10 days and is down by -9.53% for this period. Volume has increased on the last day by 69 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 280 thousand shares were bought and sold for approximately $47.48 million.

The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $168.29 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.63% during the next 3 months and, with a 90% probability hold a price between $120.11 and $130.49 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

WEX Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The WEX Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $177.45 and $195.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -9.53%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for WEX Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.55 between high and low, or 2.11%. For the last week, the stock has had daily average volatility of 2.48%.

WEX Inc is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WEX) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect WEX Inc to open at $169.93, and during the day (based on 14 day Average True Range), to move between $165.22 and $173.72, which gives a possible trading interval of +/-$4.25 (+/-2.51%) up or down from last closing price. If WEX Inc takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $194.09, some $24.62 (14.53%) from the current price of $169.47, our system finds the risk reward not very attractive.

Is WEX Inc stock A Buy?

WEX Inc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.255 Strong Sell Candidate Downgraded

Predicted Opening Price for WEX Inc of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$169.93 ( 0.272%) $169.47

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for WEX

Fibonacci Support & Resistance Levels

Level Price
R3 173.48 2.36%
R2 172.12 1.57%
R1 171.29 1.07%
Price 169.47
S1 168.58 -0.527%
S2 167.74 -1.02%
S3 166.39 -1.82%

Accumulated Volume Support & Resistance Levels

Level Price
R3 206.17 21.66%
R2 194.88 14.99%
R1 194.09 14.53%
Price 169.47
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for WEX Inc Stock and on which exchange is it traded?
The symbol for WEX Inc is WEX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell WEX Inc Stock?
WEX Inc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

How to buy WEX Inc Stock?
WEX Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy WEX Inc Stock.

What's the current price of WEX Inc Stock?
As of the end of day on the Jun 14, 2024, the price of an WEX Inc (WEX) share was $169.47.

What is the 52-week high and low for WEX Inc Stock?
The 52-week high for WEX Inc Stock is $244.04 and the 52-week low is $161.95.

What is the market capitalization of WEX Inc Stock?
As of the Jun 14, 2024, the market capitalization of WEX Inc is 7.101B.

When is the next earnings date for WEX Inc?
The upcoming earnings date for WEX Inc is Jul 25, 2024.
Click to get the best stock tips daily for free!

About WEX Inc

WEX WEX Inc. provides financial technology services in the United States and internationally. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; ... WEX Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT