WCC Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for WCC for the next trading week:
Technical Analysis
- Current price: $188.42
- Key Fibonacci levels:
- Resistance: R1 at $193.46, R2 at $197.70
- Support: S1 at $179.72, S2 at $175.48
- RSI(14) at 51.31 indicates neutral momentum
- MACD at -0.63 shows slight bearish momentum
- Price is currently trading below 20-day SMA ($189.02) but above 200-day SMA ($175.98)
Recent Price Action
- Stock showed volatility in recent trading sessions with a wide range between $183.50-$195.99
- Volume increased significantly to 2.25M shares compared to previous sessions, indicating strong market participation
Fundamental Catalysts
- Q4 earnings released showed mixed results:
- EPS of $3.16 missed estimates by $0.05
- Revenue of $5.5B beat by $90M with 0.5% YoY growth
- Strong operating cash flow of $1.1B for 2024
- Effective tax rate improved to 20.8% from 31.5%
Price Prediction for Next Week Target Range: $183-194
- Base case (60% probability): Stock likely to consolidate between $185-190
- Bullish case (25% probability): Break above $193.46 could push price to $197.70
- Bearish case (15% probability): Break below $179.72 could test $175.48
Trading Recommendation: HOLD
- Current price levels suggest a neutral stance
- Wait for clear break above $193.46 for buying opportunities
- Set stop loss below $179.72 if entering long positions
- Consider taking profits near $197.70 resistance level
WCC Similar Chart Price Prediction
The price of WCC is predicted to go up -16.59%, based on the high correlation periods with MTD. The similarity of these two price pattern on the periods is 93.45%.
WCC
MTD
Down: -16.59%Similarity: 93.45%
WCC Revenue Forecast
WCC EPS Forecast
WCC FAQs
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WCC VS S&P500
Wesco's transformative acquisition of Anixter should result in stronger growth and profitability, which should help the stock fetch a higher multiple.
Wesco's global footprint and focus on inventory management services help the firm take market share from smaller distributors and support pricing power.
Despite serving cyclical end markets, Wesco's business model generates strong free cash flow throughout the economic cycle. The firm will likely continue to use its cash flow to fund organic growth initiatives, acquisitions, and share repurchases.
WCC Analyst's Forecast
Ken Newman
Keybanc
Buy
2024-12-09
Price Target
$225 → $245
Upside
+20.67%
KeyBanc raised the price target on Wesco to $245 from $225 and keeps an Overweight rating on the shares as the firm takes a selectively constructive approach toward its early-cycle Industrial Tech and Distribution coverage. While visibility around near-term cycle conditions continues to be limited, KeyBanc remains cautiously optimistic for inflecting organic volumes in the first half of 2025 supported by easier comparisons, stabilizing channel inventories, and ongoing secular trends supporting domestic onshoring/automation investments. Despite the firm's expectation for a choppier near-term environment, it thinks its early cycle coverage should remain relatively more resilient vs. the broader industrial landscape, while also being among the first to benefit from a potential cycle inflection.
Tommy Moll
Stephens & Co.
Buy
2024-11-05
Price Target
$190 → $205
Upside
+9.15%
Deane Dray
RBC Capital
Hold
2024-11-01
Price Target
$186 → $199
Upside
+5.76%
