WESTLAKE CORP (WLK) Stock Technical Analysis
NYSE:WLK - US9604131022 - Common Stock
87.82 USD
+1.41 (+1.63%)
88.28 USD
+0.46 (+0.52%)
We assign a technical rating of 5 out of 10 to WLK. In the past year, WLK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, WLK is a bad performer in the overall market: 83% of all stocks are doing better.
WLK is one of the lesser performing stocks in the Chemicals industry. 61% of 84 stocks in the same industry do better.
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.
WLK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
WLK has an average volume of 1260650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
WLK has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 89.48. Right above this resistance zone may be a good entry point.
More info and screens
74.68
91.51
We found 3 important support areas.
- A support zone ranging from 85.67 to 85.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 77.39 to 78.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 75.43 to 75.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 89.48 to 90.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for WLK is up. |
| ChartMill Relative Strength | 17.79 | NEGATIVE | WLK has a low relative strength, it was outperformed by 82.21% 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) | UP | POSITIVE | The current price of WLK is above the rising 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) | 57.92 | NEUTRAL | The RSI value for WLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests WLK has a positive trend. |
| Stochastics (14,3) | 70.24 | NEUTRAL | The Stochastics value for WLK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for WLK suggests some volalility. |
| Average Directional Index/ADX (14) | 17.43 | 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)
87.82
+1.41 (+1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.63%
1 Week-3.07%
2 Weeks4.57%
1 Month16.43%
3 Month23.64%
6 Month-21.8%
12 Month-39.62%
2 Year-32.95%
3 Year-10.96%
5 Year48.04%
10 Year59.01%
15 Year577.62%
Volatility
ATR(14)3.17
ATR(20)%3.96%
ATR Inc-47.19%
Range Today1.67
ADR(20)3.13
ADR(20)%3.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.79
Mansfield-2.43
10 Day High91.23
10 Day Low80.84
20 Day High91.23
20 Day Low75.83
52 Week High151.56
52 Week Low68.55
CS1 End85.87
CR1 Start89.48
Volume & EV
DER(3)-0.62%
DER(5)-0.08%
Volume907.80K
Volume Incr-24.23%
Vol(5)1.09M
Vol(50)1.26M