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Archive
- 4/19/2024 -
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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 dropped -2.01 points, or -1.38%, and closed at 144.17 on Friday, April 19, 2024. WAB was trading at average weekly trading volume.
WAB is a member of Industrials Sector. Industrials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See WAB long-term trend chart]
A long-term uptrend had started on June 18, 2021 at 76.30 and reached 151.00 on April 5, 2024. WAB gained -74.70 points, or -97.90%, in 146 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (106.26) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See WAB medium-term trend chart]
A medium-term uptrend had started on July 14, 2022 at 78.26 and reached 151.00 on April 5, 2024. WAB gained -72.74 points, or -92.95%, in 90 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (106.26) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See WAB weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See WAB short-term trend chart]
A short-term downtrend had started on April 5, 2024 at 151.00 and reached 143.65 on April 18, 2024. WAB lost 7.35 points, or 4.87%, in 13 days. The price is now at the 7.07% retracement level.
 Daily Technical Indicators: [See WAB daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
The daily MACD line is below its signal line since April 10, 2024. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
8 |
| Industry |
Construction Machinery & Heavy Trucks |
118 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
151.00 |
| High Date |
04/05/2024 |
| Low |
143.65 |
| Low Date |
04/18/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
151.00 |
| High Date |
04/05/2024 |
| Low |
143.65 |
| Low Date |
04/18/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
151.78 |
| Support |
149.36 |
| Low |
98.70 |
| Low Date |
10/23/2023 |
| High |
151.00 |
| High Date |
04/05/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
140.71 |
| Support |
106.26 |
| Low |
78.26 |
| Low Date |
07/14/2022 |
| High |
151.00 |
| High Date |
04/05/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Resistance |
| Resistance |
116.50 |
| Support |
106.26 |
| Low |
76.30 |
| Low Date |
06/18/2021 |
| High |
151.00 |
| High Date |
04/05/2024 |
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