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Takip Edin: @UscMarketsWEC Stock Forecast & WEC Energy Group Chart Analysis
This article provides a detailed analysis of WEC-WEC Energy Group stock including a forecast for WEC shares. It features WEC Energy Group, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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WEC Historical Data Review
WEC Current Price Performance Analysis
The WEC Energy Group - WEC stock traded on the American stock market, on 06-05-2024, closed at 81.0$ with a %-1.39 decreased compared to the previous day.
In the last month, the price of WEC changed by %-2.22 decreased in value, from 82.84 dollars on 05-06-2024 to 81.0 dollars, decreased.
Last year, the price of WEC was 87.53 dollars on 06-06-2023, and changed by %-7.46 decreased in value, to 81.0 dollars decreased within a year.
The price of WEC Energy Group stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
WEC with AI Stock Forecast & Price Target
On the WEC chart WEC Energy Group price was recorded as 81.0 Dollars on 06/05/2024.
The artificial intelligence's forecast on WEC stock is as follows.
The artificial intelligence's prediction error margin for WEC stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for WEC Energy Group stock over the next 4 months is: 73.2 Dollars.
The commentary on WEC stock Target Price: Highest: 81.887 Dollars is predicted.
The commentary on WEC stock Target Price: Lowest: 67.042 Dollars is predicted.
Resistance Price where WEC Energy Group stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 81.887 |
| 09-23-2024 | 74.425 |
| 12-02-2024 | 72.774 |
| 02-20-2025 | 72.029 |
Support Price where WEC Energy Group stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-03-2024 | 74.306 |
| 11-07-2024 | 71.541 |
| 01-16-2025 | 69.357 |
The commentary on WEC stock: The target price can generally be said to be on the decline.
The commentary on WEC stock: Fluctuations in the target price can be expected in the coming days.
The target price for WEC Energy Group stock by the end of 2024 is predicted to be 71.177 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on WEC stock, and the 2024 target price predictions for WEC Energy Group are detailed above.
The technical analysis and charts for the commentary on WEC stock are below.
WEC Support & Resistance and Trend Analysis
WEC stock you have reviewed the technical analysis support resistance charts regarding.
WEC : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the WEC review, the WEC Energy Group support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
WEC Energy Group Support and Resistance Prices:
| WEC Support Level Price | WEC Resistance Level Price |
|---|---|
| 75.13 | 79.42 |
| 76.50 | 80.02 |
| 77.53 | 82.07 |
| 77.97 | 82.17 |
| 78.50 | 82.65 |
| 78.65 | 82.76 |
| 78.79 | 85.96 |
| 81.53 | 86.89 |
| 87.66 |
WEC Technical Analysis: SMA, RSI, MACD
Upon reviewing the WEC chart, buy and sell signals have been generated in the WEC Energy Group technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for WEC stock are as follows:- WEC technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for WEC Energy Group gave a 'Buy' signal when the RSI was at 29.137, with the current RSI value at 32.584.
- The technical analysis for WEC Energy Group indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for WEC Energy Group stock: Click here to read more predictions on Central Japan Railway stock.
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