WESTLAKE CORP (WLK)

US9604131022 - Common Stock

140.58  +5.1 (+3.76%)

After market: 140.58 0 (0%)

Technical Rating and Analysis

5

Taking everything into account, WLK scores 5 out of 10 in our technical rating. WLK has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

WLK is one of the better performing stocks in the Chemicals industry, it outperforms 79% of 85 stocks in the same industry.
WLK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WLK is lagging the market slightly.
In the last month WLK has a been trading in the 118.64 - 145.98 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, WLK turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
WLK Weekly chart
WLK Daily chart
Setup Rating and Analysis

7

WLK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 132.80, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

110.29

145.70

6 important support areas can be observed.

  • A support zone ranging from 137.76 to 140.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 132.80 to 134.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @123.88 from a trend line in the weekly time frame.
  • A support zone ranging from 119.77 to 120.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 115.87 to 116.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 111.40 to 111.40. 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 144.16 to 144.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.72
Mansfield-0.22
10 Day High145.98
10 Day Low118.64
20 Day High145.98
20 Day Low118.64
52 Week High145.98
52 Week Low102.64
Performance
1 Week-0.43%
2 Weeks-0.26%
1 Month2.88%
3 Month8.62%
6 Month7.13%
12 Month15.83%
2 Year27.44%
3 Year64.25%
5 Year101.2%
10 Year110.87%
15 Year2151.08%
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)
Technical Indicators
MACD(12,26,9)-0.53
RSI(14)51.95
LBB133.91
UBB146.68
WLK Daily chart

WESTLAKE CORP

NYSE:WLK (2/22/2024, 3:15:00 PM)

After market: 140.58 0 (0%)

140.58

+5.1 (+3.76%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg3.76%
1 Week-0.43%
2 Weeks-0.26%
1 Month2.88%
3 Month8.62%
6 Month7.13%
12 Month15.83%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)5.25
ATR(20)%3.19%
ATR Inc
Range Today5.98
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High145.98
10 Day Low118.64
20 Day High145.98
20 Day Low118.64
52 Week High145.98
52 Week Low102.64
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume396.10K
Volume Incr161.35%
Vol(5)812.94K
Vol(50)353.00K