WEC Energy (WEC) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for WEC · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$109.25last close · Aug 4, 202652-week range $102.95 – $119.91 · 8.89% below the high

WEC Falling Wedge Pattern

WEC is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $117.48 (+5.5%). Across 8,465 backtested falling wedges, the setup followed through 56.2% of the time, averaging +0.55R; WEC's own falling wedges have hit 61.1%.

DirectionBullishTarget$117.48Projected move+5.5%Breakout level$111.44

New to this pattern? What a falling wedge is and how to trade it →

WEC's Most Recent Falling Wedge Trade

WEC's most recent completed falling wedge resolved as a win: it broke higher on Jun 5, 2026 near $111.90, then reached its target at $116.24 on Jul 8, 2026 — a +1.31R move (3.9%) over 21 sessions. Across 194 backtested falling wedges, this setup wins 55.7% of the time.

OutcomeWinResult+1.31REntry$111.90Exit$116.24

Learn about falling wedge

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
WEC win rate
61.1%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

WEC Pattern Trade History

Every completed pattern trade our nightly backtest found on WEC's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeJun 5, 2026 @ $111.90Jul 8, 2026 @ $116.24Win+1.31R
Rising WedgeMay 5, 2026 @ $114.53May 15, 2026 @ $108.92Win+1.20R
Rising WedgeMar 20, 2026 @ $113.49Apr 9, 2026 @ $118.78Loss-1.05R
Rising WedgeMar 3, 2026 @ $115.02Mar 4, 2026 @ $117.55Loss-1.09R
Rising WedgeOct 23, 2025 @ $116.65Oct 30, 2025 @ $112.10Win+2.95R
Rising WedgeNov 21, 2024 @ $99.80Dec 11, 2024 @ $95.61Loss-1.09R
TriangleApr 10, 2024 @ $79.71Apr 22, 2024 @ $81.97Loss-1.00R
Rising WedgeJan 11, 2024 @ $82.87Feb 13, 2024 @ $76.74Win+1.52R
Rising WedgeJan 2, 2024 @ $86.27Jan 17, 2024 @ $81.31Loss-1.05R
TriangleNov 1, 2023 @ $81.10Dec 13, 2023 @ $87.00Loss-1.41R
Rising WedgeMay 1, 2023 @ $95.54May 24, 2023 @ $88.50Win+2.15R
Rising WedgeApr 26, 2023 @ $97.09May 17, 2023 @ $89.03Win+4.70R

WEC Support and Resistance Levels

Price was turned away at a ceiling near $120.61 about 4 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $105.92 — still about 3% away.

  • Traders commonly watch $105.92 as a target (its 50% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $120.61 ceiling about 4 weeks ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $109.04, resistance near $118.64. These are chart/swing-derived levels, not formula pivots.

Resistance
$118.64$120.11$143.85$157.47
Support
$109.04$92.86

WEC Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$108.16$109.39$107.24$109.25
Aug 3, 2026$108.73$110.67$108.64$109.28
Jul 31, 2026$109.51$110.27$109.00$109.42
Jul 30, 2026$111.73$111.88$109.16$110.05
Jul 29, 2026$114.27$114.44$110.66$111.29
Jul 28, 2026$114.46$116.25$113.56$113.61
Jul 27, 2026$114.89$115.81$113.70$113.82
Jul 24, 2026$115.48$116.45$115.00$115.77
Jul 23, 2026$112.88$115.11$112.37$114.72
Jul 22, 2026$112.87$113.52$112.52$113.46

WEC Frequently Asked Questions

What chart pattern is WEC forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on WEC Energy (WEC) on the daily chart, with a measured-move target of $117.48.
Is a falling wedge bullish or bearish?
The falling wedge detected on WEC is a bullish pattern, projecting a measured-move target of $117.48. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for WEC?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), WEC's nearest support is around $109.04 and nearest resistance around $118.64.
What is the price target if WEC's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $117.48 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was WEC's closing price on Aug 4, 2026?
WEC Energy (WEC) last closed at $109.25 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.