WABTEC CORP (WAB) Stock Technical Analysis
USA - NYSE:WAB - US9297401088 - Common Stock
We assign a technical rating of 7 out of 10 to WAB. 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.
Although WAB has an excellent technical rating, the quality of the presented setup is not ideal 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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165.96
When analyzing the support we can see 3 important areas.
- A support zone ranging from 192.98 to 199.32. 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 @167.64 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @209.86 from a horizontal line in the daily time frame.
- A resistance zone ranging from 214.38 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 | UP | POSITIVE | The short term trend for WAB is up. |
| ChartMill Relative Strength | 63.03 | 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) | UP | POSITIVE | The current price of WAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.51 | NEUTRAL | The RSI value for WAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.79 | POSITIVE | The MACD value suggests WAB has a positive trend. |
| Stochastics (14,3) | 88.33 | OVERBOUGHT | The high Stochastics value suggests WAB may be overbought. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for WAB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.25 | NEGATIVE | The low ADX value for WAB suggests a weak or negative trend. |
204.44
+1.3 (+0.64%)
WABTEC CORP / WAB FAQ
What is the technical rating for WAB stock?
ChartMill assigns a technical rating of 7 / 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 61.5105. 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 positive.
Can you provide the support and resistance levels for WABTEC CORP?
WABTEC CORP (WAB) has a support level at 199.32 and a resistance level at 209.86. Check the full technical report for our detailed analysis of WAB support and resistance levels.