Analysis Summary for WEC Energy Group, Inc. Common Stock (WEC)
Date of Update: February 27th, 2025
Our updated analysis shows the following:
- We re-confirm our time projection: a top in early March and a fast move down to early May/June.
- Our price target for the top is at $109 +/- $2. If WEC breaks above this target, the next possible price level is at $130.
In summary, our prior forecast remains in force: $109 (+/-) early march and at least 30% decline in the course of subsequent three months.
Date of Analysis: December 12th, 2024
Our software identified WEC based on its clear time and price targets which may form a very clear and convenient trading setup.
Time Target: The major up-cycle composite for WEC is expected to arrive on February 18, 2025. We have a strong confirmation for the top arrival on March 7th, 2025. The down-cycle composite is expected to arrive in April 2025, but we have a strong X-cycle arriving early in May.
Price Target: $109(+/- $2) with stop loss on $115.
Projected Move: Our software suggests a scenario of dropping from $109 level to approximately $70 within 2-3 months.
In summary, WEC is expected to develop a top to bottom fast move approximately from early March to May 2025. The drop in price is expected to be at least 30%.
