WABASH NATIONAL CORP (WNC) Stock Technical Analysis
NYSE:WNC • US9295661071
Taking everything into account, WNC scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WNC is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- WNC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WNC is lagging the market slightly.
- WNC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the yearly performance of all stocks, we notice that WNC is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- WNC is an average performer in the Machinery industry, it outperforms 50% of 131 stocks in the same industry.
Besides having an excellent technical rating, WNC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for WNC in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
9.93
We found 3 important support areas.
- A support zone ranging from 11.47 to 11.58. 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 10.86 to 11.00. 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 10.03 to 10.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @11.87 from a horizontal line in the weekly time frame.
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 WNC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WNC is up. |
| ChartMill Relative Strength | 73.97 | POSITIVE | WNC has a high relative strength, it outperformed 73.97% 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) | UP | POSITIVE | The current price of WNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WNC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.14 | NEUTRAL | The RSI value for WNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WNC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.33 | NEUTRAL | The Stochastics value for WNC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.31 | HIGH VOLATILITY | The high ATR as a percentage value for WNC suggests high volalility. |
| Average Directional Index/ADX (14) | 25.35 | POSITIVE | The high ADX value value for WNC suggests a strong 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 |
|---|---|---|---|
| 11.88 | 11.46 | 0.42 (3.54%) | 25.00% |
| An entry @11.88. This is a Buy Stop order right above the resistance zone. | An exit @11.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.42 points, which is 3.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.88%. |
- The distance between exit and entry is rather small compared to the average daily movement of WNC. Please evaluate whether better entry and exit points can be found.
- 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.
11.61
+0.13 (+1.13%)
WABASH NATIONAL CORP / WNC FAQ
What is the technical rating for WNC stock?
ChartMill assigns a technical rating of 8 / 10 to WNC.
What is the current trend direction of WABASH NATIONAL CORP (WNC) stock?
The current trend direction for WABASH NATIONAL CORP (WNC) is Bullish.
What is the RSI signal for WABASH NATIONAL CORP (WNC) stock?
WABASH NATIONAL CORP (WNC) has an RSI value of 61.1369. This indicates that the stock is currently neutral.
What is the MACD signal for WABASH NATIONAL CORP (WNC) stock?
The MACD indicator for WABASH NATIONAL CORP (WNC) has a value of 0.00246699, indicating a bearish trend.
Can you provide the buy/sell signal for WABASH NATIONAL CORP?
The buy/sell signal for WABASH NATIONAL CORP (WNC) is buy as both the short term and long term trends are positive.