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Archive
- 4/17/2025 -
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Wabtec Corporation (WAB) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the Wabtec Corporation (WAB). During the week, the WAB gave back -0.87 points, or -0.51%, and closed at 170.93 on Thursday, April 17, 2025. Weekly volume was -32% below average.
 Long-term trend: [See WAB long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 78.26 and reached 210.90 on January 30, 2025. WAB gained -132.64 points, or -169.49%, in 133 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 122.02 and resistance is at 224.78. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See WAB medium-term trend chart]
A medium-term downtrend had started on January 30, 2025 at 210.90 and reached 151.80 on April 7, 2025. WAB lost 59.10 points, or 28.02%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 144.87 and resistance is at 181.48. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See WAB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 20, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See WAB short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 151.80 and reached 176.50 on April 9, 2025. WAB gained -24.70 points, or -16.27%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See WAB daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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