WABTEC CORP (WAB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WAB - US9297401088 - Common Stock
Taking everything into account, WAB scores 8 out of 10 in our technical rating. Although WAB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, WAB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 214.37, a Stop Loss order could be placed below this zone. 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
167.52
We found 6 important support areas.
- A support zone ranging from 211.13 to 214.37. 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 205.82. This zone is formed by a combination of multiple trend lines and important moving averages 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.
- 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 @169.21 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 216.15 to 217.78. 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 | 76.69 | POSITIVE | WAB has a high relative strength, it outperformed 76.69% 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) | 60.83 | 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) | 50.84 | NEUTRAL | The Stochastics value for WAB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for WAB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.64 | NEUTRAL | The ADX value for WAB suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 217.79 | 211.12 | 6.67 (3.06%) | 25.00% |
| An entry @217.79. This is a Buy Stop order right above the resistance zone. | An exit @211.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.67 points, which is 3.06%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- 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.
216.14
+2.54 (+1.19%)
WABTEC CORP / WAB FAQ
What is the technical rating for WAB stock?
ChartMill assigns a technical rating of 8 / 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 60.8316. 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 214.37 and a resistance level at 216.15. Check the full technical report for our detailed analysis of WAB support and resistance levels.