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Uptrend Broken SupportArchive
- 12/13/2024 -
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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 -5.71 points, or -2.78%, and closed at 199.70 on Friday, December 13, 2024. Weekly volume was 94% above average.
WAB is a member of Industrials Sector. Industrials is the 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 207.51 on December 9, 2024. WAB gained -131.21 points, or -171.97%, in 181 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (110.55) 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 207.51 on December 9, 2024. WAB gained -129.25 points, or -165.15%, in 125 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (199.58). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See WAB weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 September 20, 2024. 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 December 9, 2024 at 207.51 and reached 199.30 on December 13, 2024. WAB lost 8.21 points, or 3.96%, in 4 days. Price is near the trend low.
 Daily Technical Indicators: [See WAB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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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