WORLD KINECT CORP (WKC) Technical Analysis
NYSE:WKC • US9814751064
Taking everything into account, WKC scores 1 out of 10 in our technical rating. WKC'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 78% of all other stocks performed better in the past year than WKC.
- WKC is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 84% are performing better than WKC.
- WKC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month WKC has a been trading in the 23.20 - 27.64 range, which is quite wide. It is currently trading near the lows of this range.
WKC has a poor technical rating and the quality of the setup is also not perfect 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
22.78
We found 1 important support area.
- A support zone ranging from 23.01 to 23.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 23.58 to 23.72. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 25.31 to 25.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.64 to 28.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.76 from a horizontal line in the daily 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 WKC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WKC is down. |
| ChartMill Relative Strength | 22.82 | NEGATIVE | WKC has a low relative strength, it was outperformed by 77.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WKC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WKC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WKC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.21 | OVERSOLD | The low RSI value suggests WKC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests WKC has a negative trend. |
| Stochastics (14,3) | 15.86 | OVERSOLD | The low Stochastics value suggests WKC may be oversold. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for WKC suggests some volalility. |
| Average Directional Index/ADX (14) | 35.56 | POSITIVE | The high ADX value value for WKC suggests a strong trend. |
WKC Technicals: Chart, Performance Metrics, Trend & Indicators
23.57
-0.02 (-0.08%)
WORLD KINECT CORP / WKC FAQ
Can you provide the ChartMill technical rating for WORLD KINECT CORP?
ChartMill assigns a technical rating of 1 / 10 to WKC.
What is the trend direction for WKC stock?
The current trend direction for WORLD KINECT CORP (WKC) is Bearish.
What is the RSI signal for WKC stock?
WORLD KINECT CORP (WKC) has an RSI value of 29.2142. This indicates that the stock is currently oversold.
Can you provide the short term momentum for WORLD KINECT CORP?
The short term momentum for WORLD KINECT CORP (WKC) is negative.
Can you provide the support and resistance levels for WORLD KINECT CORP?
WORLD KINECT CORP (WKC) has a support level at 23.18 and a resistance level at 23.58. Check the full technical report for our detailed analysis of WKC support and resistance levels.