WNC Technical Analysis - WABASH NATIONAL CORP

Technical Rating and Analysis

Overall WNC gets a technical rating of 4 out of 10. WNC performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

90% of all other stocks performed better in the past year than WNC.

WNC is one of the lesser performing stocks in the Machinery industry. 78% of 129 stocks in the same industry do better.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

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

In the last month WNC has a been trading in the 10.22 - 11.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WABASH NATIONAL CORP / WNC Weekly stock chart

WABASH NATIONAL CORP / WNC Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, WNC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 10.38, 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

9.42

12.05

We found 2 important support areas.

A support zone ranging from 10.30 to 10.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 9.52 to 9.55. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

Resistance @10.97 from a trend line in the daily time frame.
A resistance zone ranging from 11.27 to 11.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 11.70 to 11.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @11.93 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for WNC is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for WNC is neutral.
ChartMill Relative Strength	10.7	NEGATIVE	WNC has a low relative strength, it was outperformed by 89.3% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of WNC is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of WNC is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WNC is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.66	NEUTRAL	The RSI value for WNC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests WNC has a negative trend.
Stochastics (14,3)	27.35	NEUTRAL	The Stochastics value for WNC is a neutral value.
Average True Range in percent/ATR (20)	4.13	MEDIUM VOLATILITY	The ATR as a percentage value for WNC suggests some volalility.
Average Directional Index/ADX (14)	14.85	NEGATIVE	The low ADX value for WNC suggests a weak or negative trend.