WABASH NATIONAL CORP (WNC) Stock Technical Analysis
NYSE:WNC - New York Stock Exchange, Inc. - US9295661071 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to WNC. 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.
When comparing the yearly performance of all stocks, WNC is a bad performer in the overall market: 93% of all stocks are doing better.
WNC is part of the Machinery industry. There are 128 other stocks in this industry, of which 85% are performing better than WNC.
WNC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WNC is lagging the market.
WNC has an average volume of 1301220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month WNC has a been trading in the 6.78 - 10.37 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.
The technical rating of WNC is bad and it also does not present a quality setup 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
8.74
19.98
We found 1 important support area.
- Support @8.83 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @9.77 from a horizontal line in the daily time frame.
- Resistance @12.61 from a trend line in the weekly time frame.
- Resistance @16.38 from a trend line in the weekly time frame.
- Resistance @19.78 from a horizontal line in the daily 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 | 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 | 7.7 | NEGATIVE | WNC has a low relative strength, it was outperformed by 92.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WNC is below a declining 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) | 44.02 | NEUTRAL | The RSI value for WNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests WNC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.52 | NEUTRAL | The Stochastics value for WNC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.39 | HIGH VOLATILITY | The high ATR as a percentage value for WNC suggests high volalility. |
| Average Directional Index/ADX (14) | 15.97 | NEGATIVE | The low ADX value for WNC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.84
-0.2 (-2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.21%
1 Week-5.86%
2 Weeks6%
1 Month-15.41%
3 Month-27.06%
6 Month-54.22%
12 Month-60.38%
2 Year-62.3%
3 Year-42.41%
5 Year-7.43%
10 Year-34.71%
15 Year23.46%
Volatility
ATR(14)0.46
ATR(20)%7.39%
ATR Inc-7%
Range Today0.35
ADR(20)0.52
ADR(20)%5.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.7
Mansfield-4.8
10 Day High9.88
10 Day Low8.29
20 Day High10.37
20 Day Low6.78
52 Week High24.03
52 Week Low6.78
CS1 End8.83
CR1 Start9.77
Volume & EV
DER(3)-1.85%
DER(5)-0.81%
Volume558.40K
Volume Incr-54.92%
Vol(5)558.50K
Vol(50)1.30M