Geez, brutal day for Wesco International, investors dumped shares on the market and there weren't too many buyers interested in picking them up which causes price to plunge. Negative outlook for the company may continue to
hammer the stock. We'll see if we hit bottom here and get some buyers to come in fishing for value. It looks like WCC may be interacting with an upward sloping support line. These can create nice entry points since it can have both momentum and support. Momentum wise Wesco International, hasn't been very high in either direction over the last 3 month. So hard to say what it will do here.
If the price bounces off of the support and moves up it'll probably head up to the $178.89 level, at which point it may hit some selling pressure. If it punches through this support level, it can easily push down to $149.01 where it may meet further support, hopefully it can consolidate around that point.
The analysts are pretty neutral on Wesco International right now, so not much useful information here. The current Analysts Sentiment Score is 0.23. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. Oppenheimer gave a boost to their price target and moved to $200.00 from $190.00 on 2024-05-03. Royal Bank of Canada announced a lowering of their price target to $172.00 from $176.00 on 2024-05-03. KeyCorp provided a price target boost of 15.15% to $190.00 from $165.00 on 2024-04-11. JPMorgan Chase & Co. provided a price target decease of -2.78% to $175.00 from $180.00 on 2024-03-15. Robert W. Baird provided a price target decease of -16.26% to $170.00 from $203.00 on 2024-02-14. Loop Capital decided to move up their price target on 2023-06-21 to $210.00 which is a 23.53% increase.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| WCC | 0.23 | 0 | 0 | 0.92 | -0.45 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| WCC | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
?
We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| WCC | 2.61 | %3.5 | 2.8 | -24.09 | 1550000 |
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industrial Distribution | 9 | -6.21 | -4.21 | -6.32 | -6.72 | -1.51 | -7.48 | 52.00 | -9.42 | -0.60 | 2.99 | -10185.94 | -7630.51 | 0.00 | 0.00 | 3.57 | 0.21 |
| Industrials | 277 | -5.32 | -3.45 | -6.62 | -10.34 | -10.80 | -5.58 | 47.58 | -9.88 | -8.47 | -7.50 | -14645.29 | -9313.17 | 13.27 | 1.62 | 3.62 | 0.58 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| WCC |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAN | Dana Incorporated | 1.64 | -9.06 | -5.47 | -11.08 | 5.87 | 14.23 | -0.08 | 38 | 17.22 | 14.81 | 22.76 | -3029.34 | -6740.07 | 0 | 0 | 3.49154 |
| URI | United Rentals, Inc. | 1.48 | -8.51 | -5.81 | -5.98 | -13.75 | -25.74 | -16.28 | 57 | -21.59 | -14.95 | -14.59 | -8803.00 | -1966.94 | 0 | 0 | 3.86865 |
| TEX | Terex Corporation | 1.44 | -10.45 | -6.89 | -12.55 | -21.72 | -30.58 | -44.87 | 46 | -97.75 | -60.86 | -73.35 | -39605.69 | -498.33 | 0 | 0 | 3.63606 |
| ATKR | Atkore Inc. | 1.43 | -10.56 | -9.24 | -15.23 | -36.78 | -34.15 | -70.70 | 36 | -127.18 | -85.04 | -113.51 | -96244.27 | -549.66 | 0 | 0 | 12.7132 |
| MTW | The Manitowoc Company, In | 1.43 | -9.96 | -9.45 | -19.18 | -7.58 | -15.26 | -42.87 | 33 | -7.60 | -9.99 | -9.61 | -42503.36 | -470.09 | 0 | 0 | 4.81325 |
| EXP | Eagle Materials, Inc. | 1.4 | -2.78 | 3.48 | 7.04 | -4.35 | -18.79 | -14.02 | 65 | -47.38 | -18.86 | -18.73 | -9119.78 | -1878.03 | 100 | 0 | 1.72473 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
