The Hourly View for WSBC
Currently, WSBC (Get Ratings)’s price is down $-0.01 (-0.01%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as WSBC has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
WSBC ranks 98th in terms of today’s price percentage change out of Banking stocks.
WSBC’s Technical Outlook on the Daily Chart
At the time of this writing, WSBC’s price is down $-0.15 (-0.44%) from the day prior. This move is a reversal from the day prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows WSBC’s price action over the past 90 days.
WSBC: Daily RSI Analysis
WSBC: Daily RSI Analysis
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The post Wesbanco Inc (WSBC): Price Now Near $34.15; Daily Chart Shows Downtrend on 50 Day Basis appeared first on ETF Daily News.
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