WABTEC CORP (WAB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WAB - US9297401088 - Common Stock
231.7 USD
+1.59 (+0.69%)
231.7 USD
0 (0%)
We assign a technical rating of 8 out of 10 to WAB. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WAB is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- WAB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month WAB has a been trading in the 213.11 - 236.00 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that WAB is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- WAB is part of the Machinery industry. There are 132 other stocks in this industry, WAB did better than 64% of them.
WAB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
168.83
236.05
When analyzing the support we can see 6 important areas.
- A support zone ranging from 223.71 to 223.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 210.67 to 218.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 199.32 to 201.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @194.40 from a horizontal line in the daily time frame.
- Support @191.03 from a horizontal line in the daily time frame.
- Support @170.54 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 231.71 to 233.71. 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 | UP | POSITIVE | The short term trend for WAB is up. |
| ChartMill Relative Strength | 73.22 | POSITIVE | WAB has a high relative strength, it outperformed 73.22% off all stocks 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) | UP | POSITIVE | The current price of WAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.38 | NEUTRAL | The RSI value for WAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests WAB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.87 | OVERBOUGHT | The high Stochastics value suggests WAB may be overbought. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for WAB suggests low volalility. |
| Average Directional Index/ADX (14) | 35.63 | POSITIVE | The high ADX value value for WAB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 233.72 | 223.70 | 10.02 (4.29%) | 23.33% |
| An entry @233.72. This is a Buy Stop order right above the resistance zone. | An exit @223.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.02 points, which is 4.29%. | For a 1.00% total portfolio risk, you can invest 23.33% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
231.7
+1.59 (+0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.69%
1 Week0.91%
2 Weeks3.24%
1 Month5.43%
3 Month13.33%
6 Month23.98%
12 Month11.44%
2 Year76.1%
3 Year123.2%
5 Year212.22%
10 Year262.31%
15 Year754.98%
Volatility
ATR(14)4.57
ATR(20)%1.79%
ATR Inc13.88%
Range Today3.2
ADR(20)4
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.22
3 months CRS83.72
6 months CRS80.73
Mansfield0.53
10 Day High236
10 Day Low222.9
20 Day High236
20 Day Low213.11
52 Week High236
52 Week Low151.81
CS1 End223.96
CR1 Start231.71
Volume & EV
DER(3)1.47%
DER(5)1.03%
Volume715.20K
Volume Incr-2.41%
Vol(5)710.98K
Vol(50)764.59K
WABTEC CORP / WAB FAQ
Can you provide the ChartMill technical rating for WABTEC CORP?
ChartMill assigns a technical rating of 8 / 10 to WAB.
What is the current trend direction of WABTEC CORP (WAB) stock?
The current trend direction for WABTEC CORP (WAB) is Bullish.
Can you provide the RSI signal for WABTEC CORP?
WABTEC CORP (WAB) has an RSI value of 64.3782. This indicates that the stock is currently neutral.
What is the short term momentum for WAB stock?
The short term momentum for WABTEC CORP (WAB) is positive.
What is the buy/sell signal for WAB stock?
The buy/sell signal for WABTEC CORP (WAB) is buy as both the short term and long term trends are positive.