WESTROCK COFFEE CO (WEST) Technical Analysis
NASDAQ:WEST • US96145W1036
Overall WEST gets a technical rating of 0 out of 10. 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.
- When comparing the yearly performance of all stocks, WEST is a bad performer in the overall market: 89% of all stocks are doing better.
- WEST is part of the Food Products industry. There are 88 other stocks in this industry, of which 68% are performing better than WEST.
- WEST is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so WEST is lagging the market.
- In the last month WEST has a been trading in the 3.64 - 5.17 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
The technical rating of WEST is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.81
We found 1 important support area.
- Support @3.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 7 important areas.
- A resistance zone ranging from 4.45 to 4.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.72 from a trend line in the weekly time frame.
- Resistance @4.82 from a trend line in the daily time frame.
- Resistance @5.08 from a trend line in the daily time frame.
- Resistance @5.19 from a horizontal line in the daily time frame.
- Resistance @5.42 from a trend line in the weekly time frame.
- Resistance @8.03 from a horizontal line in the weekly time frame.
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 | 11.29 | NEGATIVE | WEST has a low relative strength, it was outperformed by 88.71% 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) | 29.58 | OVERSOLD | The low RSI value suggests WEST may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests WEST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.77 | NEUTRAL | The Stochastics value for WEST is a neutral value. |
| Average True Range in percent/ATR (20) | 6.24 | HIGH VOLATILITY | The high ATR as a percentage value for WEST suggests high volalility. |
| Average Directional Index/ADX (14) | 32.02 | POSITIVE | The high ADX value value for WEST suggests a strong trend. |
WEST Technicals: Chart, Performance Metrics, Trend & Indicators
3.86
-0.02 (-0.52%)
WESTROCK COFFEE CO / WEST FAQ
What is the technical rating for WEST stock?
ChartMill assigns a technical rating of 0 / 10 to WEST.
What is the trend direction for WEST stock?
The current trend direction for WESTROCK COFFEE CO (WEST) is Bearish.
What is the RSI signal for WESTROCK COFFEE CO (WEST) stock?
WESTROCK COFFEE CO (WEST) has an RSI value of 29.5847. This indicates that the stock is currently oversold.
What is the short term momentum for WESTROCK COFFEE CO (WEST) stock?
The short term momentum for WESTROCK COFFEE CO (WEST) is negative.
What is the buy/sell signal for WEST stock?
The buy/sell signal for WESTROCK COFFEE CO (WEST) is sell as both the short term and long term trends are negative.