WAC Technical Analysis - WACKER NEUSON SE

Technical Rating and Analysis

Taking everything into account, WAC scores 1 out of 10 in our technical rating. WAC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

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

In the last month WAC has a been trading in the 18.38 - 24.50 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

When compared to the yearly performance of all other stocks, WAC outperforms 52% of them, which is more or less in line with the market.

WAC is an average performer in the Machinery industry, it outperforms 67% of 103 stocks in the same industry.

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

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WACKER NEUSON SE / WAC Weekly stock chart

WACKER NEUSON SE / WAC Daily stock chart

Setup Rating and Analysis

The technical rating of WAC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.79

22.67

We can see 2 important resistance areas.

A resistance zone ranging from 19.01 to 19.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 22.05 to 22.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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 WAC.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WAC.DE is down.
ChartMill Relative Strength	52.53	NEUTRAL	WAC.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WAC.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WAC.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of WAC.DE is below the rising SMA(200).
Relative Strength Index/RSI (14)	17.29	OVERSOLD	The low RSI value suggests WAC.DE may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.28	NEGATIVE	The MACD value suggests WAC.DE has a negative trend.
Stochastics (14,3)	5.63	OVERSOLD	The low Stochastics value suggests WAC.DE may be oversold.
Average True Range in percent/ATR (20)	3.45	MEDIUM VOLATILITY	The ATR as a percentage value for WAC.DE suggests some volalility.
Average Directional Index/ADX (14)	28.21	POSITIVE	The high ADX value value for WAC.DE suggests a strong trend.