WABTEC CORP (WAB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WAB - US9297401088 - Common Stock
Taking everything into account, WAB scores 5 out of 10 in our technical rating. In the last year, WAB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
WAB has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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166.85
We found 3 important support areas.
- A support zone ranging from 193.43 to 203.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 185.64 to 186.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @168.54 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 214.37 to 214.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WAB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WAB is neutral. |
| ChartMill Relative Strength | 64.77 | NEUTRAL | WAB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WAB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WAB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.8 | NEUTRAL | The RSI value for WAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests WAB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.69 | NEUTRAL | The Stochastics value for WAB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for WAB suggests some volalility. |
| Average Directional Index/ADX (14) | 13.37 | NEGATIVE | The low ADX value for WAB suggests a weak or negative trend. |
207.75
+1.67 (+0.81%)
WABTEC CORP / WAB FAQ
What is the technical rating for WAB stock?
ChartMill assigns a technical rating of 5 / 10 to WAB.
Can you provide the trend direction for WABTEC CORP?
The current trend direction for WABTEC CORP (WAB) is Bullish.
What is the RSI signal for WAB stock?
WABTEC CORP (WAB) has an RSI value of 59.7966. This indicates that the stock is currently neutral.
What is the short term momentum for WABTEC CORP (WAB) stock?
The short term momentum for WABTEC CORP (WAB) is neutral.
Can you provide the support and resistance levels for WABTEC CORP?
WABTEC CORP (WAB) has a support level at 203.71 and a resistance level at 214.37. Check the full technical report for our detailed analysis of WAB support and resistance levels.