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Downtrend ResistanceArchive
- 1/3/2025 -
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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 -1.50 points, or -0.78%, and closed at 190.50 on Friday, January 3, 2025. Weekly volume was -29% below average.
 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 (111.12) 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 trend support level is at 117.53 and resistance is at 202.36. 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 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. 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 24, 2024 at 194.30 and reached 187.70 on January 2, 2025. WAB lost 6.60 points, or 3.40%, in 9 days. The price is now at the 42.42% retracement level.
 Daily Technical Indicators: [See WAB daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 daily MACD line is below its signal line since December 9, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (191.79) comes close to the price (190.50). It indicates that the trend is getting weaker. 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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