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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 WCC
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WESCO International Inc stock upgraded to Hold/Accumulate.
(Updated on Mar 18, 2024)

Hold candidate since Mar 18, 2024 PDF

The WESCO International Inc stock price gained 1.16% on the last trading day (Monday, 18th Mar 2024), rising from $160.13 to $161.98. During the last trading day the stock fluctuated 1.60% from a day low at $160.01 to a day high of $162.57. The price has risen in 7 of the last 10 days and is up by 7.41% over the past 2 weeks. Volume fell on the last day by -374 thousand shares and in total, 305 thousand shares were bought and sold for approximately $49.33 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $161.94, a level that may pose a second chance to hit a runner. According to fan-theory $201.27 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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WCC Signals & Forecast

The WESCO International Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $160.60 and $161.21. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -0.772%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for WESCO International Inc stock

WESCO International Inc finds support from accumulated volume at $154.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $2.56 between high and low, or 1.60%. For the last week, the stock has had daily average volatility of 2.51%.

The WESCO International Inc stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $156.76 (-3.22%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (WCC) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect WESCO International Inc to open at $161.52, and during the day (based on 14 day Average True Range), to move between $157.01 and $166.95, which gives a possible trading interval of +/-$4.97 (+/-3.07%) up or down from last closing price. If WESCO International Inc takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $162.02 (0.02%) than the support at $154.61 (4.55%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is WESCO International Inc stock A Buy?

WESCO International Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.926 Hold/Accumulate Upgraded

Predicted Opening Price for WESCO International Inc of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$161.52 ( 0.285%) $161.98

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

Trading levels for WCC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 164.07 1.29 %
R2 163.10 0.690 %
R1 162.49 0.318 %
Current price: 161.98
Support S1 160.54 -0.89 %
S2 159.94 -1.26 %
S3 158.96 -1.86 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 192.53 18.86 %
R2 163.24 0.778 %
R1 162.02 0.0247 %
Current price 161.98
Support S1 154.61 -4.55%
S2 143.05 -11.69%
S3 132.59 -18.14%

WCC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 29, 2024 Mar 14, 2024 Mar 29, 2024 $0.413 0.255%
2 Nov 30, 2023 Dec 14, 2023 Dec 29, 2023 $0.375 0.216%
3 Aug 31, 2023 Sep 14, 2023 Sep 29, 2023 $0.380 0.264%
4 Jun 01, 2023 Jun 14, 2023 Jun 30, 2023 $0.375 0.209%
5 Mar 03, 2023 Mar 14, 2023 Mar 31, 2023 $0.375 0.243%

FAQ

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

Should I buy or sell WESCO International Inc Stock?
WESCO International Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy WESCO International Inc Stock?
WESCO International 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 WESCO International Inc Stock.

What's the current price of WESCO International Inc Stock?
As of the end of day on the 2024-03-18, the price of an WESCO International Inc (WCC) share was $161.98.

What is the 52-week high and low for WESCO International Inc Stock?
The 52-week high for WESCO International Inc Stock is $195.43 and the 52-week low is $121.91.

What is the market capitalization of WESCO International Inc Stock?
As of the 2024-03-18, the market capitalization of WESCO International Inc is 8.159B.

When is the next earnings date for WESCO International Inc?
The upcoming earnings date for WESCO International Inc is May 02, 2024.
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About WESCO International Inc

WESCO International WESCO International, Inc. provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS). The EES segment supplies products and supply chain solutions, including electrical equipment and supplies, automation a... WCC Profile

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