WESTLAKE CORP (WLK) Stock Technical Analysis
NYSE:WLK - New York Stock Exchange, Inc. - US9604131022 - Common Stock - Currency: USD
Taking everything into account, WLK scores 0 out of 10 in our technical rating. WLK'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.
93% of all other stocks performed better in the past year than WLK.
WLK is one of the lesser performing stocks in the Chemicals industry. 82% of 85 stocks in the same industry do better.
WLK is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so WLK is lagging the market.
In the last month WLK has a been trading in the 71.76 - 94.21 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
WLK has an average volume of 1049510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of WLK is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
71.62
85.99
We can see 2 important resistance areas.
- A resistance zone ranging from 82.05 to 83.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @85.14 from a trend 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 WLK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WLK is down. |
| ChartMill Relative Strength | 7.55 | NEGATIVE | WLK has a low relative strength, it was outperformed by 92.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WLK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WLK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WLK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.9 | OVERSOLD | The low RSI value suggests WLK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests WLK has a negative trend. |
| Stochastics (14,3) | 1.37 | OVERSOLD | The low Stochastics value suggests WLK may be oversold. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for WLK suggests some volalility. |
| Average Directional Index/ADX (14) | 25.88 | POSITIVE | The high ADX value value for WLK suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
72.34
-1.32 (-1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.79%
1 Week-12.6%
2 Weeks-10.07%
1 Month-23.65%
3 Month-34.06%
6 Month-44.55%
12 Month-54.38%
2 Year-30.41%
3 Year-45.24%
5 Year51.66%
10 Year2.6%
15 Year582.13%
Volatility
ATR(14)3.21
ATR(20)%4.98%
ATR Inc-45.03%
Range Today1.69
ADR(20)2.75
ADR(20)%3.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.55
Mansfield-4.3
10 Day High87.32
10 Day Low71.76
20 Day High94.21
20 Day Low71.76
52 Week High161.31
52 Week Low71.76
CS1 EndN/A
CR1 Start82.05
Volume & EV
DER(3)0.16%
DER(5)1.82%
Volume1.28M
Volume Incr64.9%
Vol(5)1.68M
Vol(50)1.05M