WAB Technical Analysis - WABTEC CORP

Technical Rating and Analysis

Overall WAB gets a technical rating of 0 out of 10. WAB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, WAB is a bad performer in the overall market: 65% of all stocks are doing better.

WAB has an average volume of 1149720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

WAB is an average performer in the Machinery industry, it outperforms 44% of 128 stocks in the same industry.

WAB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WAB is lagging the market.

In the last month WAB has a been trading in the 184.26 - 197.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, WAB does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 189.68, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

164.65

216.53

When analyzing the support we can see 2 important areas.

A support zone ranging from 185.64 to 186.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @166.31 from a trend line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 189.68 to 195.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for WAB is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WAB is down.
ChartMill Relative Strength	35.75	NEUTRAL	WAB is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WAB is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WAB is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WAB is below a declining SMA(200).
Relative Strength Index/RSI (14)	46.93	NEUTRAL	The RSI value for WAB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.16	NEGATIVE	The MACD value suggests WAB has a negative trend, although the MACD value is rising.
Stochastics (14,3)	24.4	NEUTRAL	The Stochastics value for WAB is a neutral value.
Average True Range in percent/ATR (20)	1.93	LOW VOLATILITY	The low ATR as a percentage value for WAB suggests low volalility.
Average Directional Index/ADX (14)	16.23	NEGATIVE	The low ADX value for WAB suggests a weak or negative trend.