WESTLAKE CORP (WLK) Stock Technical Analysis
USA - NYSE:WLK - US9604131022 - Common Stock
77.33 USD
-0.46 (-0.59%)
77.33 USD
0 (0%)
We assign a technical rating of 0 out of 10 to WLK. WLK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
91% of all other stocks performed better in the past year than WLK.
WLK is part of the Chemicals industry. There are 83 other stocks in this industry, of which 74% are performing better than WLK.
WLK 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 WLK has a been trading in the 74.29 - 88.33 range, which is quite wide. It is currently trading near the lows of this range.
WLK has an average volume of 1125410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, 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 75.83, a Stop Loss order could be placed below this zone.
More info and screens
69.13
91.51
When analyzing the support we can see 2 important areas.
- A support zone ranging from 75.43 to 75.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @69.83 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 79.41 to 82.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @84.97 from a trend line in the daily time frame.
- Resistance @90.60 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 WLK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WLK is down. |
| ChartMill Relative Strength | 9.3 | NEGATIVE | WLK has a low relative strength, it was outperformed by 90.7% 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) | 42.38 | NEUTRAL | The RSI value for WLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests WLK has a negative trend. |
| Stochastics (14,3) | 34.37 | NEUTRAL | The Stochastics value for WLK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for WLK suggests some volalility. |
| Average Directional Index/ADX (14) | 14.6 | NEGATIVE | The low ADX value for WLK suggests a weak or negative 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)
77.33
-0.46 (-0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.59%
1 Week-6.12%
2 Weeks0.74%
1 Month-11.07%
3 Month-5.05%
6 Month-15.81%
12 Month-44.5%
2 Year-32.97%
3 Year-19.99%
5 Year14.36%
10 Year28.31%
15 Year383.92%
Volatility
ATR(14)3.16
ATR(20)%3.89%
ATR Inc-8.11%
Range Today1.99
ADR(20)2.9
ADR(20)%3.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.3
Mansfield-2.86
10 Day High83.48
10 Day Low74.29
20 Day High88.33
20 Day Low74.29
52 Week High139.59
52 Week Low68.55
CS1 End75.83
CR1 Start79.41
Volume & EV
DER(3)-0.76%
DER(5)-3.22%
Volume1.36M
Volume Incr7.56%
Vol(5)1.18M
Vol(50)1.13M