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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of WAB
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Westinghouse Air Brake Technologies Corp stock upgraded to Hold/Accumulate.
(Updated on Jun 14, 2024)

Hold candidate since Jun 14, 2024 PDF

The Westinghouse Air Brake Technologies Corp stock price fell by -1.90% on the last day (Friday, 14th Jun 2024) from $163.43 to $160.32. During the last trading day the stock fluctuated 2.60% from a day low at $158.06 to a day high of $162.16. The price has fallen in 7 of the last 10 days and is down by -5.27% for this period. Volume has increased on the last day by 105 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 619 thousand shares were bought and sold for approximately $99.20 million.

Given the current short-term trend, the stock is expected to rise 20.39% during the next 3 months and, with a 90% probability hold a price between $193.01 and $215.89 at the end of this 3-month period.

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WAB Signals & Forecast

There are few to no technical positive signals at the moment. The Westinghouse Air Brake Technologies Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $163.24 and $165.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -6.05%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Westinghouse Air Brake Technologies Corp stock

On the downside, the stock finds support just below today's level from accumulated volume at $147.71 and $147.54. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Westinghouse Air Brake Technologies Corp finds support just below today's level at $147.71. If this is broken, then the next support from accumulated volume will be at $147.54 and $144.86.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $4.10 between high and low, or 2.60%. For the last week the stock has had daily average volatility of 1.61%.

Our recommended stop-loss: $151.57 (-5.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (WAB) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Westinghouse Air Brake Technologies Corporation to open at $160.18, and during the day (based on 14 day Average True Range), to move between $157.41 and $163.23, which gives a possible trading interval of +/-$2.91 (+/-1.82%) up or down from last closing price. If Westinghouse Air Brake Technologies Corporation takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $163.18 (1.78%) than the support at $147.71 (7.87%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Westinghouse Air Brake Technologies Corporation stock A Buy?

Westinghouse Air Brake Technologies Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.529 Hold/Accumulate Upgraded

Predicted Opening Price for Westinghouse Air Brake Technologies Corporation of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$160.18 ( 0.0884%) $160.32

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for WAB

Fibonacci Support & Resistance Levels

Level Price
R3 164.28 2.47%
R2 162.72 1.49%
R1 161.75 0.89%
Price 160.32
S1 158.61 -1.07%
S2 157.64 -1.67%
S3 156.07 -2.65%

Accumulated Volume Support & Resistance Levels

Level Price
R3 165.72 3.37%
R2 163.38 1.91%
R1 163.18 1.78%
Price 160.32
S1 147.71 -7.87%
S2 147.54 -7.97%
S3 144.86 -9.64%

WAB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 17, 2024 May 24, 2024 Jun 11, 2024 $0.200 0.123%
2 Feb 22, 2024 Feb 22, 2024 Mar 08, 2024 $0.200 0.140%
3 Oct 20, 2023 Nov 15, 2023 Nov 29, 2023 $0.170 0.148%
4 Oct 20, 2023 Nov 14, 2023 Nov 29, 2023 $0.170 0.148%
5 Jul 20, 2023 Aug 11, 2023 Aug 28, 2023 $0.170 0.151%

FAQ

What is the symbol for Westinghouse Air Brake Technologies Corporation Stock and on which exchange is it traded?
The symbol for Westinghouse Air Brake Technologies Corporation is WAB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Westinghouse Air Brake Technologies Corporation Stock?
Westinghouse Air Brake Technologies Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Westinghouse Air Brake Technologies Corporation Stock?
Westinghouse Air Brake Technologies Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Westinghouse Air Brake Technologies Corporation Stock.

What's the current price of Westinghouse Air Brake Technologies Corporation Stock?
As of the end of day on the Jun 14, 2024, the price of an Westinghouse Air Brake Technologies Corporation (WAB) share was $160.32.

What is the 52-week high and low for Westinghouse Air Brake Technologies Corporation Stock?
The 52-week high for Westinghouse Air Brake Technologies Corporation Stock is $170.83 and the 52-week low is $98.70.

What is the market capitalization of Westinghouse Air Brake Technologies Corporation Stock?
As of the Jun 14, 2024, the market capitalization of Westinghouse Air Brake Technologies Corporation is 28.278B.

When is the next earnings date for Westinghouse Air Brake Technologies Corporation?
The upcoming earnings date for Westinghouse Air Brake Technologies Corporation is Jul 25, 2024.
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About Westinghouse Air Brake Technologies Corporation

Westinghouse Air Brake Technologies Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control... WAB Profile

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