WABASH NATIONAL CORP (WNC) Stock Technical Analysis
NYSE:WNC - New York Stock Exchange, Inc. - US9295661071 - Common Stock - Currency: USD
Overall WNC gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. WNC was also a bad performer in the overall market in the last year.
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. 81% of 128 stocks in the same industry do better.
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.
In the last month WNC has a been trading in the 8.40 - 10.55 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
9.13
16.13
When analyzing the support we notice one important area.
- A support zone ranging from 9.22 to 9.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 10.37 to 10.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.74 from a trend line in the weekly time frame.
- Resistance @15.97 from a trend 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 | DOWN | NEGATIVE | The long term trend for WNC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WNC is up. |
| ChartMill Relative Strength | 10.46 | NEGATIVE | WNC has a low relative strength, it was outperformed by 89.54% 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 | 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) | 62.78 | NEUTRAL | The RSI value for WNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests WNC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.31 | OVERBOUGHT | The high Stochastics value suggests WNC may be overbought. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for WNC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.71 | 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)
10.36
+0.01 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.1%
1 Week10.45%
2 Weeks19.49%
1 Month10.33%
3 Month-6.33%
6 Month-44.3%
12 Month-49.98%
2 Year-59.59%
3 Year-23.71%
5 Year-2.45%
10 Year-17.38%
15 Year45.71%
Volatility
ATR(14)0.43
ATR(20)%4.08%
ATR Inc-5.08%
Range Today0.38
ADR(20)0.4
ADR(20)%3.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.46
Mansfield-3.75
10 Day High10.55
10 Day Low8.4
20 Day High10.55
20 Day Low8.4
52 Week High24.03
52 Week Low6.78
CS1 End9.37
CR1 Start10.37
Volume & EV
DER(3)-2.4%
DER(5)-0.56%
Volume618.80K
Volume Incr1.02%
Vol(5)607.04K
Vol(50)930.91K