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 WEC
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WEC Energy Group Inc stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The WEC Energy Group Inc stock price gained 1.16% on the last trading day (Thursday, 28th Mar 2024), rising from $81.18 to $82.12. During the last trading day the stock fluctuated 1.44% from a day low at $81.00 to a day high of $82.17. The price has fallen in 6 of the last 10 days but is still up by 2.16% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 129 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $215.98 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $82.89 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.44% during the next 3 months and, with a 90% probability hold a price between $71.20 and $79.21 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.

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WEC Signals & Forecast

The WEC Energy Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $80.35 and $79.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 7.40%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for WEC Energy Group Inc stock

WEC Energy Group Inc finds support from accumulated volume at $81.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.17 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.74%.

Our recommended stop-loss: $78.58 (-4.31%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (WEC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect WEC Energy Group Inc to open at $81.76, and during the day (based on 14 day Average True Range), to move between $80.69 and $83.55, which gives a possible trading interval of +/-$1.43 (+/-1.74%) up or down from last closing price. If WEC Energy Group Inc takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $81.78 (0.41%) than the resistance at $82.57 (0.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is WEC Energy Group Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.969 Buy Candidate Upgraded

Predicted Opening Price for WEC Energy Group Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$81.76 ( 0.434%) $82.12

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

Trading levels for WEC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 82.93 0.99 %
R2 82.49 0.446 %
R1 82.21 0.110 %
Current price: 82.12
Support S1 81.32 -0.98 %
S2 81.04 -1.31 %
S3 80.59 -1.86 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 85.92 4.63 %
R2 85.57 4.20 %
R1 82.57 0.548 %
Current price 82.12
Support S1 81.78 -0.414%
S2 80.76 -1.66%
S3 78.00 -5.02%

WEC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 13, 2024 Feb 13, 2024 Mar 01, 2024 $0.84 1.07%
2 Oct 19, 2023 Nov 13, 2023 Dec 01, 2023 $0.780 0.92%
3 Jul 20, 2023 Aug 11, 2023 Sep 01, 2023 $0.780 0.94%
4 Apr 20, 2023 May 11, 2023 Jun 01, 2023 $0.780 0.90%
5 Dec 13, 2022 Feb 13, 2023 Mar 01, 2023 $0.780 0.90%

FAQ

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

Should I buy or sell WEC Energy Group Inc Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy WEC Energy Group Inc Stock?
WEC Energy Group 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 WEC Energy Group Inc Stock.

What's the current price of WEC Energy Group Inc Stock?
As of the end of day on the 2024-03-28, the price of an WEC Energy Group Inc (WEC) share was $82.12.

What is the 52-week high and low for WEC Energy Group Inc Stock?
The 52-week high for WEC Energy Group Inc Stock is $99.26 and the 52-week low is $75.13.

What is the market capitalization of WEC Energy Group Inc Stock?
As of the 2024-03-28, the market capitalization of WEC Energy Group Inc is 25.914B.

When is the next earnings date for WEC Energy Group Inc?
The upcoming earnings date for WEC Energy Group Inc is May 06, 2024.
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About WEC Energy Group Inc

WEC Energy Group WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, oil, hydroelectric, wind, solar, and biomass so... WEC Profile

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