NYSE trade advice (C): US railroads stock | 5-6% gain | USA stock trading signal on 18 Sep 2024

Date
September 18, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Stock Trading Advice in USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Westinghouse Air Brake Technologies
  • 170 – 172
  • 180 – 182
  • Below 167
  • 5% – 6%
  • 8 - 10 Days
  • Buy
    Westinghouse Air Brake Technologies
  • Buy
    Range
    170 – 172
  • Target
    180 – 182
  • Stoploss
    Below 167
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    8 - 10 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Westinghouse Air Brake Technologies (NYSE: WAB) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • WAB
  • Westinghouse Air Brake Technologies
  • Railroads
  • 172
  • 98.7
  • NYSE code WAB
  • Stock Name Westinghouse Air Brake Technologies
  • Sector Railroads
  • 52 Weeks High 172
  • 52 Weeks Low 98.7
  • Westinghouse Air Brake Technologies (NYSE: WAB) vs NYSE - Relative Strength Comparison

    The image compares Westinghouse Air Brake Technologies's 1-year performance to NYSE.
    Relative Performance - Last 1 Year
    WAB —   NYSE —

  • Westinghouse Air Brake Technologies (NYSE: WAB) - Technical Analysis (Daily)

    Westinghouse Air Brake Technologies - Technical Analysis chart on Daily Price and Volume
    Westinghouse Air Brake Technologies - Technical Analysis chart on Daily Price and Volume

    • The daily chart indicates that the stock price is exhibiting a general upward trend.
    • During this upward movement, the price encountered resistance near the $120 level, subsequently entered a phase of consolidation that resulted in the formation of a Rounding Bottom pattern.
    • After breaking out, the stock price experienced a significant increase; however, it met another considerable resistance around the $170 level, lea to a subsequent decline.
    • This drop brought the price down to the $150 level, where it found support and began to recover.
    • Following a period of consolidation, the stock price ultimately developed an Inverted Head & Shoulders pattern.
    • Recently, with a new breakout, the price is poised for further upward movement.
  • Westinghouse Air Brake Technologies (NYSE: WAB) - RSI Indicator

    Westinghouse Air Brake Technologies stock analysis based on RSI indicator
    Westinghouse Air Brake Technologies - RSI indicator

    • Current RSI of this stock is 70.38, which indicates the strength of buyers.

  • Westinghouse Air Brake Technologies (NYSE: WAB) - ADX & DI Indicator

    Westinghouse Air Brake Technologies stock analysis based on ADX & DI indicator
    Westinghouse Air Brake Technologies - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Westinghouse Air Brake Technologies (NYSE: WAB) - MACD Indicator

    Westinghouse Air Brake Technologies stock analysis based on MACD indicator
    Westinghouse Air Brake Technologies - MACD indicator

    • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

  • Conclusion - Westinghouse Air Brake Technologies (NYSE: WAB) Stock Price Forecast

    Based on our swing stock trading picks in USA, Westinghouse Air Brake Technologies stock price target will be USD 180 - USD 182 in the next 8-10 trading sessions.

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    Target hit. Trade closed.

    18 Sep 2024
    23 Sep 2024
    25 Sep 2024
    9 days
    Loss per
    100,000 SAR
    Stop-loss
    167
    Buy Advice
    18 Sep 2024
    170 – 172
    Target 1
    23 Sep 2024
    180
    Target 2
    25 Sep 2024
    182
    Profit per
    100,000 SAR
    9 days
    5,876
    167
    170 – 172
    180
    182
    5,876
    18 Sep 2024
    23 Sep 2024
    25 Sep 2024
    9 days
    Loss per
    100,000 SAR
    Stop-loss
    167
    Buy Advice
    18 Sep 2024
    170 – 172
    Target 1
    23 Sep 2024
    180
    Target 2
    25 Sep 2024
    182
    Profit per
    100,000 SAR
    9 days
    5,876
    167
    170 – 172
    180
    182
    5,876
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Westinghouse Air Brake Technologies
  • 170 – 172
  • 180 – 182
  • Below 167
  • 5% – 6%
  • 8 - 10 Days
  • Buy Westinghouse Air Brake Technologies
  • Buy
    Range
    170 – 172
  • Target 180 – 182
  • Stoploss Below 167
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    8 - 10 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Westinghouse Air Brake Technologies
  • 170 – 172
  • 180 – 182
  • Below 167
  • 5% – 6%
  • 8 - 10 Days
  • Buy
    Westinghouse Air Brake Technologies
  • Buy
    Range
    170 – 172
  • Target
    180 – 182
  • Stoploss
    Below 167
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    8 - 10 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Westinghouse Air Brake Technologies (NYSE: WAB) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • WAB
  • Westinghouse Air Brake Technologies
  • Railroads
  • 172
  • 98.7
  • NYSE code WAB
  • Stock Name Westinghouse Air Brake Technologies
  • Sector Railroads
  • 52 Weeks High 172
  • 52 Weeks Low 98.7
  • Company profile

    Westinghouse Air Brake Technologies Corporation, along with its subsidiaries, delivers innovative technology for locomotives, equipment, systems, and services across the global freight rail and passenger transit sectors. Their offerings include diesel-electric, battery, and LNG-powered locomotives, as well as engines, electric motors, and propulsion systems, plus products for marine and mining applications. The company specializes in positive train control, pneumatic braking, railway electronics, signal design, and engineering services. They also provide distributed locomotive power, train cruise controls, and remote controls, alongside IoT hardware and software solutions for asset performance management. Additional services encompass transportation management, port optimization, and network solutions. Their product range includes freight car trucks, braking systems, air compressors, heat transfer components, and new commuter locomotives. They also offer refurbishment and maintenance services for locomotives and cars, along with various railway braking components and HVAC systems. Founded in 1869, the company is based in Pittsburgh, Pennsylvania.

  • Westinghouse Air Brake Technologies (NYSE: WAB) vs NYSE - Relative Strength Comparison

    The image compares Westinghouse Air Brake Technologies's 1-year performance to NYSE.
    Relative Performance - Last 1 Year
    WAB —   NYSE —

  • Westinghouse Air Brake Technologies (NYSE: WAB) - Technical Analysis (Daily)

    Westinghouse Air Brake Technologies - Technical Analysis chart on Daily Price and Volume
    Westinghouse Air Brake Technologies - Technical Analysis chart on Daily Price and Volume

    • The daily chart indicates that the stock price is exhibiting a general upward trend.
    • During this upward movement, the price encountered resistance near the $120 level, subsequently entered a phase of consolidation that resulted in the formation of a Rounding Bottom pattern.
    • After breaking out, the stock price experienced a significant increase; however, it met another considerable resistance around the $170 level, lea to a subsequent decline.
    • This drop brought the price down to the $150 level, where it found support and began to recover.
    • Following a period of consolidation, the stock price ultimately developed an Inverted Head & Shoulders pattern.
    • Recently, with a new breakout, the price is poised for further upward movement.
  • Westinghouse Air Brake Technologies (NYSE: WAB) - RSI Indicator

    Westinghouse Air Brake Technologies stock analysis based on RSI indicator
    Westinghouse Air Brake Technologies - RSI indicator

    • Current RSI of this stock is 70.38, which indicates the strength of buyers.

  • Westinghouse Air Brake Technologies (NYSE: WAB) - ADX & DI Indicator

    Westinghouse Air Brake Technologies stock analysis based on ADX & DI indicator
    Westinghouse Air Brake Technologies - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Westinghouse Air Brake Technologies (NYSE: WAB) - MACD Indicator

    Westinghouse Air Brake Technologies stock analysis based on MACD indicator
    Westinghouse Air Brake Technologies - MACD indicator

    • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

  • Conclusion - Westinghouse Air Brake Technologies (NYSE: WAB) Stock Price Forecast

    Based on our swing stock trading picks in USA, Westinghouse Air Brake Technologies stock price target will be USD 180 - USD 182 in the next 8-10 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

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