Wec Energy Group, Inc. | WEC

Daily Technical Analysis of Wec Energy Group, Inc.

Wec Energy Group bobbled around today only ended up 0.33% since yesterday.

Currently WEC isn't at a clear support/resistance line that seems tradable. Wec Energy Group has looked pretty good over the last few months. It has definitely cuaght a bid and had a nice run. Over the last 3 months, shareholders are up 7.36 percent. WEC may hit some resistance around the 81.79 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Last analyzed on 2024-11-13

Analyst Ratings for Wec Energy Group By Price Target And Rating

The analysts are pretty neutral on WEC Energy Group right now, so not much useful information here. The current Analysts Sentiment Score is -3.83. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. KeyCorp provided a price target boost of 1.05% to $96.00 from $95.00 on 2024-04-19. The Goldman Sachs Group initiated a rating of Neutral on 2024-04-10 and provided a price target of $88.00. Royal Bank of Canada announced a lowering of their price target to $90.00 from $95.00 on 2024-02-08. On 2024-02-08 Barclays lowered their price target by -5.06% to $75.00. Wells Fargo & Company dropped their price target by -2.15% to $91.00 on 2024-02-02. JPMorgan Chase & Co. released a downgrade on 2024-02-02 from Neutral to Underweight and dropped their 1 year price target to $84.00 which is down from $90.00. Bank of America announced that they are reiterating a rating of Neutral on 2024-01-04 and decided to decrease their price target by -7.14% down to $78.00. Mizuho announced a lowering of their price target to $86.00 from $88.00 on 2023-12-18. Guggenheim dropped their price target by -10.64% to $84.00 on 2023-10-09. On 2023-10-04 UBS Group lowered their price target by -8.05% to $80.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
WEC	-3.83	0	-6.61	1.45	-2.5

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-03-30)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
WEC	0.00	0.00

Short interest for WEC Energy Group

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
WEC	2.66	%1.5	3.1	29.04	4830000

How WEC Energy Group compares to the broader Utilities sector and the more specific Utilities - Regulated industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Utilities - Regulated Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	62	-0.01	1.19	2.88	4.99	13.69	18.04	58.74	47.86	29.96	24.16	-3850.56	-14740.24	4.03	13.31	3.29	0.98
Utilities Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	71	0.08	1.41	2.72	5.24	12.51	25.15	57.61	44.79	27.85	24.48	-5606.43	-14691.44	3.52	11.62	3.65	0.95

Social Sentiment for WEC Energy Group

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)
WEC

Companies with the highest correlation to WEC Energy Group

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Buy	Short Interest Score
LNT \| Alliant Energy Corporatio	2.16	0.26	2.31	2.72	7.66	24.90	25.94	67	55.12	54.99	38.81	-457.75	-21896.81	0	2.59686
XEL \| Xcel Energy, Inc.	2.12	0.66	1.51	9.39	14.86	31.25	16.68	82	100.11	26.49	14.16	-434.99	-19703.25	0	2.50015
AEE \| Ameren Corporation	2.07	1.46	2.60	6.59	13.75	31.19	21.55	78	264.32	43.45	37.06	0.00	-26485.60	0	3.82216
ES \| Eversource Energy	2.07	-0.27	-0.65	-6.68	-7.82	6.81	3.22	26	2.94	7.74	10.04	-4917.20	-4642.61	0	2.10498
CMS \| CMS Energy Corporation	2.03	0.18	0.60	-3.00	1.43	11.74	20.27	46	36.42	33.82	55.24	-2347.90	-21928.93	100	3.41168
ED \| Consolidated Edison, Inc.	1.8	-0.41	1.08	-6.81	-3.30	3.23	7.69	21	3.02	12.36	17.61	-4506.75	-8905.95	150	2.86813
AEP \| American Electric Power C	1.79	0.49	1.00	-0.93	-2.48	9.33	24.31	24	5.07	22.48	32.63	-3790.52	-15365.55	0	1.50346
DUK \| Duke Energy Corporation	1.65	-0.17	1.23	-3.12	0.50	11.14	25.66	38	5.25	34.24	44.95	-2873.52	129.25	0	1.64814

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