WEST Technical Analysis - WESTROCK COFFEE CO

Technical Rating and Analysis

Taking everything into account, WEST scores 0 out of 10 in our technical rating. WEST's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

90% of all other stocks performed better in the past year than WEST.

WEST is one of the lesser performing stocks in the Food Products industry. 72% of 87 stocks in the same industry do better.

WEST is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

WEST is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WESTROCK COFFEE CO / WEST Weekly stock chart

WESTROCK COFFEE CO / WEST Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, WEST does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for WEST in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.62

8.11

When analyzing the resistance we notice 6 important areas.

A resistance zone ranging from 4.82 to 4.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @6.06 from a horizontal line in the daily time frame.
Resistance @6.29 from a trend line in the weekly time frame.
Resistance @6.47 from a trend line in the daily time frame.
Resistance @6.66 from a trend line in the weekly time frame.
Resistance @8.03 from a horizontal line in the weekly time frame.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for WEST is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WEST is down.
ChartMill Relative Strength	10.01	NEGATIVE	WEST has a low relative strength, it was outperformed by 89.99% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WEST is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WEST is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WEST is below a declining SMA(200).
Relative Strength Index/RSI (14)	35.06	NEUTRAL	The RSI value for WEST is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests WEST has a positive trend, although the MACD value is declining.
Stochastics (14,3)	22.44	NEUTRAL	The Stochastics value for WEST is a neutral value.
Average True Range in percent/ATR (20)	6.23	HIGH VOLATILITY	The high ATR as a percentage value for WEST suggests high volalility.
Average Directional Index/ADX (14)	17.06	NEGATIVE	The low ADX value for WEST suggests a weak or negative trend.