WESTLAKE CORP (WLK) Stock Technical Analysis
NYSE:WLK - New York Stock Exchange, Inc. - US9604131022 - Common Stock - Currency: USD
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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, WLK is a bad performer in the overall market: 94% of all stocks are doing better.
WLK is one of the lesser performing stocks in the Chemicals industry. 83% of 85 stocks in the same industry do better.
WLK is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WLK is lagging the market.
WLK has an average volume of 1246300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month WLK has a been trading in the 68.55 - 83.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
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
69.13
89.22
We found 1 important support area.
- Support @69.83 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 79.70 to 80.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @88.34 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 | 6.63 | NEGATIVE | WLK has a low relative strength, it was outperformed by 93.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WLK is above 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) | 48.51 | NEUTRAL | The RSI value for WLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.43 | POSITIVE | The MACD value suggests WLK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.16 | NEUTRAL | The Stochastics value for WLK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for WLK suggests some volalility. |
| Average Directional Index/ADX (14) | 25.54 | 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)
77.3
-1.32 (-1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.68%
1 Week5.08%
2 Weeks8.83%
1 Month-6.61%
3 Month-27.95%
6 Month-35.29%
12 Month-48.41%
2 Year-35.3%
3 Year-21.14%
5 Year44.08%
10 Year12.7%
15 Year732.53%
Volatility
ATR(14)2.19
ATR(20)%3.07%
ATR Inc7.86%
Range Today2.55
ADR(20)2.09
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.63
Mansfield-3.78
10 Day High81.54
10 Day Low68.55
20 Day High83.96
20 Day Low68.55
52 Week High153.34
52 Week Low68.55
CS1 End69.83
CR1 Start79.7
Volume & EV
DER(3)0.03%
DER(5)1.99%
Volume1.33M
Volume Incr30.44%
Vol(5)1.87M
Vol(50)1.25M