November 11 Chart of the Day - Werner Enterprises
Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.
Werner Enterprises (WERN) is one of the largest transportation and logistics companies in North America, operating a fleet of trucks that provide freight and logistics services across the U.S., Mexico, and Canada.
After a prolonged selloff from its all-time highs near $50, price has now reached a critical area on the charts where long-term investors and short-term traders alike are watching closely to see if support can hold.
We'll review the chart from a price action perspective to identify potential levels of interest in both directions.
The charts highlight key levels where investors and traders alike will be watching closely.
Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.
When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.
As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.
Since May 2023, we've showcased over 650+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.
Monthly Chart
The monthly chart paints a clear picture of WERN’s long-term decline from its $50.31 peak.
After months of steady selling, there’s really only one level that matters right now — the $25 zone. This level aligns with multi-year horizontal support and the long-term rising trendline that dates back more than a decade.
A decisive break below this area could open the door toward the $20 region, while holding above it could mark the foundation for a potential bottoming structure.
This is the line in the sand for bulls, and how price behaves here may determine the broader direction heading into next year.
With plenty of volatility traders have had much to be happy with but long term buy and hold investors have been hugely disappointed if they're still holding.
This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.
Weekly Chart
On the weekly chart, we can see where all the necessary price action is happening.
Price continues to trade just above its long-term trendline support near $25 after being rejected from the $30 resistance area earlier this year.
Until price can reclaim $30–$32, sellers remain in control. A push through that zone could begin to shift momentum back toward $35 and possibly higher, but if price closes below $25, the next downside targets appear near $21 and $17.
For now, this chart remains one to watch — compression near major trendline support often precedes significant moves.
It goes without saying though, the only guarantee in the markets is that price cycles. It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.
Only time will tell for sure what price will do next...
We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.
With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think. We'd like to hear from you in the comments sections.
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