WABTEC CORP (WAB) Stock Technical Analysis
NYSE:WAB - New York Stock Exchange, Inc. - US9297401088 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to WAB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WAB is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, WAB did better than 85% of all other stocks.
WAB is one of the better performing stocks in the Machinery industry, it outperforms 74% of 128 stocks in the same industry.
A new 52 week high is currently being made by WAB, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month WAB has a been trading in the 197.85 - 215.82 range, which is quite wide. It is currently trading near the high of this range.
Although WAB has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
162.21
216.51
We found 4 important support areas.
- A support zone ranging from 205.40 to 207.27. 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 199.32 to 199.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @171.43 from a trend line in the weekly time frame.
- Support @163.85 from a trend line in the weekly time frame.
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 | 85.48 | POSITIVE | WAB has a high relative strength, it outperformed 85.48% 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) | 72.15 | OVERBOUGHT | The high RSI value suggests WAB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.77 | POSITIVE | The MACD value suggests WAB has a positive trend. |
| Stochastics (14,3) | 93.24 | OVERBOUGHT | The high Stochastics value suggests WAB may be overbought. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for WAB suggests low volalility. |
| Average Directional Index/ADX (14) | 24.29 | NEUTRAL | The ADX value for WAB suggests a possible start of a new 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)
214.37
+0.49 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.23%
1 Week3.92%
2 Weeks6.75%
1 Month5.11%
3 Month33.19%
6 Month12.56%
12 Month36.98%
2 Year80.99%
3 Year129.35%
5 Year244.7%
10 Year111.85%
15 Year861.08%
Volatility
ATR(14)3.48
ATR(20)%1.47%
ATR Inc-1.71%
Range Today1.74
ADR(20)3.01
ADR(20)%1.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.48
Mansfield0.61
10 Day High215.83
10 Day Low197.85
20 Day High215.83
20 Day Low197.85
52 Week High215.83
52 Week Low147.66
CS1 End207.27
CR1 StartN/A
Volume & EV
DER(3)-3.3%
DER(5)-2.18%
Volume576.90K
Volume Incr20.81%
Vol(5)1.07M
Vol(50)909.59K