Westinghouse Air Brake Technologies (NYSE: WAB) STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 170 – 172 |
Target | 180 – 182 |
StopLoss* | below 167 |
Duration | 8-10 Trading Days |
Potential Returns | 5% – 6% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 170 – 172 | 180 – 182 | below 167 | 8-10 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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Westinghouse Air Brake Technologies (NYSE: WAB) STOCK OVERVIEW
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.
Stock Data | |
NYSE Symbol | WAB |
Sectoral Index | Railroads |
52 Weeks High | 172 |
52 Weeks Low | 98.7 |
Westinghouse Air Brake Technologies (NYSE: WAB) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Westinghouse Air Brake Technologies — NYSE —
Westinghouse Air Brake Technologies (NYSE: WAB) - DAILY TECHNICAL ANALYSIS
- 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
- Current RSI of this stock is 70.38, which indicates the strength of buyers.
Westinghouse Air Brake Technologies (NYSE: WAB) - MACD
- 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.
Westinghouse Air Brake Technologies (NYSE: WAB) - ADX & DI
- 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.
CONCLUSION - Westinghouse Air Brake Technologies (NYSE: WAB) STOCK PRICE FORECAST
Based on our stock trading advice in USA, Westinghouse Air Brake Technologies stock price target will be USD 180 – USD 182 in the next 8-10 trading sessions.