WESTLAKE CHEMICAL PARTNERS L (WLKP) Stock Technical Analysis
NYSE:WLKP - New York Stock Exchange, Inc. - US9604171036 - Currency: USD
Taking everything into account, WLKP scores 0 out of 10 in our technical rating. WLKP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
67% of all other stocks performed better in the past year than WLKP.
WLKP 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 WLKP is lagging the market.
WLKP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
WLKP is part of the Chemicals industry. There are 84 other stocks in this industry, WLKP did better than 66% of them.
In the last month WLKP has a been trading in a tight range between 21.90 and 22.90.
WLKP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 22.11, a Stop Loss order could be placed below this zone.
More info and screens
21.39
25.15
We found 2 important support areas.
- A support zone ranging from 22.08 to 22.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.61 to 21.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 22.16 to 22.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.17 to 23.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 24.42 to 24.90. 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 WLKP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WLKP is down. |
| ChartMill Relative Strength | 33.89 | NEUTRAL | WLKP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WLKP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WLKP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WLKP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.37 | NEUTRAL | The RSI value for WLKP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests WLKP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 41 | NEUTRAL | The Stochastics value for WLKP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for WLKP suggests low volalility. |
| Average Directional Index/ADX (14) | 30.69 | POSITIVE | The high ADX value value for WLKP 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)
NYSE:WLKP (6/13/2025, 8:04:00 PM)
22.12
-0.12 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.54%
1 Week-0.27%
2 Weeks0%
1 Month-2.6%
3 Month-5.06%
6 Month-7.56%
12 Month-0.23%
2 Year1.98%
3 Year-11.2%
5 Year16.79%
10 Year1.7%
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%1.43%
ATR Inc-30.33%
Range Today0.14
ADR(20)0.31
ADR(20)%1.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.89
Mansfield-0.79
10 Day High22.45
10 Day Low21.9
20 Day High22.9
20 Day Low21.9
52 Week High25.04
52 Week Low21.19
CS1 End22.11
CR1 Start22.16
Volume & EV
DER(3)1.06%
DER(5)-0.06%
Volume29.30K
Volume Incr-14.18%
Vol(5)31.10K
Vol(50)34.48K