WABASH NATIONAL CORP (WNC) Technical Analysis
NYSE:WNC • US9295661071
Current stock price
WNC Technical Rating and Analysis
Taking everything into account, WNC scores 1 out of 10 in our technical rating. WNC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 81% of all other stocks performed better in the past year than WNC.
- WNC is one of the lesser performing stocks in the Machinery industry. 75% 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
WNC Weekly and Daily overview Charts
WNC Setup Rating and Analysis
WNC has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
WNC Support and Resistance Analysis
7.61
We found 3 important support areas.
- Support @8.44 from a horizontal line in the daily time frame.
- Support @8.00 from a trend line in the weekly time frame.
- Support @7.69 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.33 to 9.33. This zone is formed by a combination of multiple trend lines 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 | 19.62 | NEGATIVE | WNC has a low relative strength, it was outperformed by 80.38% 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) | 55.97 | NEUTRAL | The RSI value for WNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests WNC has a positive trend. |
| Stochastics (14,3) | 85.27 | OVERBOUGHT | The high Stochastics value suggests WNC may be overbought. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for WNC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.44 | 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
9.32
+0.18 (+1.97%)
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 55.9721. 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 8.44 and a resistance level at 9.33. Check the full technical report for our detailed analysis of WNC support and resistance levels.