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

Stock Market
NYSE, United States of America

Target hit. Trade closed.

18 Sep 2024
23 Sep 2024
25 Sep 2024
9 days
Loss per
100,000 USD
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 USD
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
  • * 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 Forcast

    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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