WESTLAKE CORP (WLK)
US9604131022 - Common Stock
Overall WLK gets a technical rating of 6 out of 10. In the last year, WLK was one of the better performers, but we do observe some doubts in the very recent evolution.
WLK 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.
Looking at the yearly performance, WLK did better than 83% of all other stocks.
WLK is part of the Chemicals industry. There are 85 other stocks in this industry. WLK outperforms 84% of them.
WLK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WLK is performing more or less in line with the market.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although the technical rating is only medium, WLK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 149.89, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WLK 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.
More info and screens
110.29
152.47
4 important support areas can be observed.
- Support @143.99 from a trend line in the daily time frame.
- Support @132.80 from a horizontal line in the daily time frame.
- Support @128.86 from a trend line in the weekly time frame.
- Support @111.40 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 148.60 to 150.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.13
Mansfield0.41
10 Day High157.86
10 Day Low147.76
20 Day High162.64
20 Day Low147.76
52 Week High162.64
52 Week Low103.28
Performance
1 Week0.88%
2 Weeks-4.82%
1 Month-0.17%
3 Month6.17%
6 Month30.94%
12 Month31.75%
2 Year18.45%
3 Year59.65%
5 Year114.91%
10 Year110.53%
15 Year1503.21%
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)
Technical Indicators
MACD(12,26,9)-1.18
RSI(14)48.02
LBB144.61
UBB162.22
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 150.97 | 147.76 | 3.22 (2.13%) | 25.00% |
| An entry @150.97. This is a Buy Stop order right above the resistance zone. | An exit @147.75. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.22 points, which is 2.13%. | For a 0.53% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WLK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
WESTLAKE CORP
NYSE:WLK (4/25/2024, 1:46:08 PM)
147.58
-2.32 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.55%
1 Week0.88%
2 Weeks-4.82%
1 Month-0.17%
3 Month6.17%
6 Month30.94%
12 Month31.75%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.65
ATR(20)%2.28%
ATR Inc
Range Today2.6
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High157.86
10 Day Low147.76
20 Day High162.64
20 Day Low147.76
52 Week High162.64
52 Week Low103.28
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume209.42K
Volume Incr0.94%
Vol(5)426.68K
Vol(50)451.70K