WESTLAKE CORP (WLK) Stock Technical Analysis
USA - NYSE:WLK - US9604131022 - Common Stock
Overall WLK gets a technical rating of 0 out of 10. 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 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
62.82
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 75.28 to 76.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @81.32 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 | 6.54 | NEGATIVE | WLK has a low relative strength, it was outperformed by 93.46% 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) | 26.88 | OVERSOLD | The low RSI value suggests WLK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.79 | NEGATIVE | The MACD value suggests WLK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.79 | OVERSOLD | The low Stochastics value suggests WLK may be oversold. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for WLK suggests some volalility. |
| Average Directional Index/ADX (14) | 32.87 | POSITIVE | The high ADX value value for WLK suggests a strong trend. |
63.45
-1.73 (-2.65%)
WESTLAKE CORP / WLK FAQ
What is the technical rating for WLK stock?
ChartMill assigns a technical rating of 0 / 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 26.8841. This indicates that the stock is currently oversold.
What is the buy/sell signal for WLK stock?
The buy/sell signal for WESTLAKE CORP (WLK) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for WESTLAKE CORP (WLK) stock?
WESTLAKE CORP (WLK) has a resistance level at 75.28. Check the full technical report for our detailed analysis of WLK support and resistance levels.