WABASH NATIONAL CORP (WNC) Technical Analysis
NYSE:WNC • US9295661071
Current stock price
WNC Technical Rating and Analysis
Overall WNC gets a technical rating of 1 out of 10. WNC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 83% of all other stocks performed better in the past year than WNC.
- WNC is one of the lesser performing stocks in the Machinery industry. 76% of 131 stocks in the same industry do better.
- In the last month WNC has a been trading in the 7.59 - 9.41 range, which is quite wide. It is currently trading near the high of this range.
- 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.
- Considerably lower volume is observed in the last couple of days.
WNC Weekly and Daily overview Charts
WNC Setup Rating and Analysis
Although the technical rating is bad, WNC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.21. Right above this resistance zone may be a good entry point.
More info and screens
WNC Support and Resistance Analysis
7.61
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.91 to 8.00. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 7.69 to 7.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 9.21 to 9.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.70 from a trend line in the weekly time frame.
- Resistance @11.69 from a horizontal line in the weekly time frame.
WNC 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 WNC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WNC is neutral. |
| ChartMill Relative Strength | 17.69 | NEGATIVE | WNC has a low relative strength, it was outperformed by 82.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WNC is below 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) | 51.49 | NEUTRAL | The RSI value for WNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests WNC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.33 | NEUTRAL | The Stochastics value for WNC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for WNC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.81 | NEGATIVE | The low ADX value for WNC suggests a weak or negative trend. |
WNC Chart- and CandleStick Pattern Analysis
WNC Technicals: Chart, Performance Metrics, Trend & Indicators
9.09
+0.07 (+0.78%)
WABASH NATIONAL CORP / WNC TA FAQ
What is the technical rating for WNC stock?
ChartMill assigns a technical rating of 1 / 10 to WNC.
What is the trend direction for WNC stock?
The current trend direction for WABASH NATIONAL CORP (WNC) is Bearish.
Can you provide the RSI signal for WABASH NATIONAL CORP?
WABASH NATIONAL CORP (WNC) has an RSI value of 51.4942. This indicates that the stock is currently neutral.
What is the short term momentum for WNC stock?
The short term momentum for WABASH NATIONAL CORP (WNC) is neutral.
What is the support and resistance level for WNC stock?
WABASH NATIONAL CORP (WNC) has a support level at 8 and a resistance level at 9.21. Check the full technical report for our detailed analysis of WNC support and resistance levels.