0% commission for ETF tradesWabash National Corporation Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
A buy signal generated when short-term moving averages cross long-term moving averages in an upward direction.
Sell Signal (MA)
A sell signal generated when short-term moving averages cross long-term moving averages in a downward direction.
AI Analysis of WNC
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Green day on Wednesday for Wabash National Corporation stock after gaining 0.305%
(Updated on Sep 18, 2024)
Buy candidate since Sep 17, 2024
Gain 0.30%
The Wabash National Corporation stock price gained 0.305% on the last trading day (Wednesday, 18th Sep 2024), rising from $19.68 to $19.74. It has now gained 6 days in a row. It is not often that stock manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 4.11% from a day low at $19.36 to a day high of $20.15. The price has risen in 6 of the last 10 days and is up by 3.08% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 472 thousand shares were bought and sold for approximately $9.32 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.29% during the next 3 months and, with a 90% probability hold a price between $15.58 and $18.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
WNC Signals & Forecast
Mostly positive signals in the chart today. The Wabash National Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $19.17 and $19.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, September 10, 2024, and so far it has risen 6.59%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Wabash National Corporation stock
Wabash National Corporation finds support from accumulated volume at $19.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.795 (4.11%) between high and low. For the last week, the stock has had daily average volatility of 2.57%.
Since the Wabash National Corporation has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $19.09 (-3.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 45 days ago.)
Trading Expectations (WNC) For The Upcoming Trading Day Of Thursday 19th
For the upcoming trading day on Thursday, 19th we expect Wabash National Corporation to open at $19.75, and during the day (based on 14 day Average True Range), to move between $19.17 and $20.31, which gives a possible trading interval of +/-$0.568 (+/-2.88%) up or down from last closing price. If Wabash National Corporation takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.62 (0.61%) than the resistance at $20.41 (3.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wabash National Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score:
2.121
Buy Candidate
Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on September 19, 2024 - $19.75 ( 0.0417%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for WNC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.54 | 4.07% |
| R2 | 20.24 | 2.53% |
| R1 | 20.05 | 1.58% |
| Price | 19.74 | |
| S1 | 19.44 | -1.50% |
| S2 | 19.26 | -2.45% |
| S3 | 18.95 | -3.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.84 | 10.64% |
| R2 | 20.99 | 6.33% |
| R1 | 20.41 | 3.39% |
| Price | 19.74 | |
| S1 | 19.62 | -0.608% |
| S2 | 19.52 | -1.11% |
| S3 | 18.52 | -6.18% |
WNC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 15, 2024 | Oct 10, 2024 | Oct 31, 2024 | $0.0800 | 0.405% |
| 2 | May 21, 2024 | Jul 03, 2024 | Jul 25, 2024 | $0.0800 | 0.390% |
| 3 | Apr 03, 2024 | Apr 03, 2024 | Apr 25, 2024 | $0.0800 | 0.333% |
| 4 | Nov 30, 2023 | Jan 03, 2024 | Jan 25, 2024 | $0.0800 | 0.314% |
| 5 | Aug 17, 2023 | Oct 04, 2023 | Oct 26, 2023 | $0.0800 | 0.381% |
FAQ
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