WESTLAKE CORP (WLK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WLK - US9604131022 - Common Stock
Overall WLK gets a technical rating of 1 out of 10. 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 technical rating of WLK 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
68.02
We can see 3 important resistance areas.
- A resistance zone ranging from 68.72 to 68.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 71.21 to 71.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @82.02 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 | NEUTRAL | NEUTRAL | The short term trend for WLK is neutral. |
| ChartMill Relative Strength | 8.88 | NEGATIVE | WLK has a low relative strength, it was outperformed by 91.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WLK is above the rising 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) | 55.6 | NEUTRAL | The RSI value for WLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.51 | POSITIVE | The MACD value suggests WLK has a positive trend. |
| Stochastics (14,3) | 81.79 | OVERBOUGHT | The high Stochastics value suggests WLK may be overbought. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for WLK suggests some volalility. |
| Average Directional Index/ADX (14) | 32.13 | POSITIVE | The high ADX value value for WLK suggests a strong trend. |
68.71
+2.11 (+3.17%)
WESTLAKE CORP / WLK FAQ
What is the technical rating for WLK stock?
ChartMill assigns a technical rating of 1 / 10 to WLK.
Can you provide the trend direction for WESTLAKE CORP?
The current trend direction for WESTLAKE CORP (WLK) is Bearish.
What is the RSI signal for WLK stock?
WESTLAKE CORP (WLK) has an RSI value of 55.6011. This indicates that the stock is currently neutral.
What is the support and resistance level for WLK stock?
WESTLAKE CORP (WLK) has a resistance level at 68.72. Check the full technical report for our detailed analysis of WLK support and resistance levels.