WESTLAKE CHEMICAL PARTNERS L (WLKP) Technical Analysis
NYSE:WLKP • US9604171036
Current stock price
WLKP Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to WLKP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WLKP is only an average performer.
- The long and short term trends are both positive. This is looking good!
- WLKP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WLKP is performing more or less in line with the market.
- When comparing the performance of all stocks over the past year, WLKP turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- WLKP is an average performer in the Chemicals industry, it outperforms 59% of 83 stocks in the same industry.
- In the last month WLKP has a been trading in a tight range between 21.50 and 22.75.
- Considerably lower volume is observed in the last couple of days.
WLKP Weekly and Daily overview Charts
WLKP Setup Rating and Analysis
WLKP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 22.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.26, a Stop Loss order could be placed below this zone.
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WLKP Support and Resistance Analysis
20.47
We found 2 important support areas.
- A support zone ranging from 21.43 to 22.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.68 to 20.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @22.56 from a horizontal line in the daily time frame.
- A resistance zone ranging from 24.54 to 24.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
WLKP Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for WLKP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WLKP is up. |
| ChartMill Relative Strength | 67.67 | NEUTRAL | WLKP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WLKP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WLKP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WLKP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.75 | NEUTRAL | The RSI value for WLKP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests WLKP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.1 | NEUTRAL | The Stochastics value for WLKP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for WLKP suggests some volalility. |
| Average Directional Index/ADX (14) | 29.28 | POSITIVE | The high ADX value value for WLKP suggests a strong trend. |
WLKP Chart- and CandleStick Pattern Analysis
WLKP Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.57 | 21.84 | 0.73 (3.23%) | 25.00% |
| An entry @22.57. This is a Buy Stop order right above the resistance zone. | An exit @21.84. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.73 points, which is 3.23%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- The distance between exit and entry is rather small compared to the average daily movement of WLKP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
WLKP Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:WLKP (3/25/2026, 2:51:39 PM)
22.43
+0.13 (+0.58%)
WESTLAKE CHEMICAL PARTNERS L / WLKP TA FAQ
What is the technical rating for WLKP stock?
ChartMill assigns a technical rating of 8 / 10 to WLKP.
What is the current trend direction of WESTLAKE CHEMICAL PARTNERS L (WLKP) stock?
The current trend direction for WESTLAKE CHEMICAL PARTNERS L (WLKP) is Bullish.
What is the RSI signal for WESTLAKE CHEMICAL PARTNERS L (WLKP) stock?
WESTLAKE CHEMICAL PARTNERS L (WLKP) has an RSI value of 54.7492. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WESTLAKE CHEMICAL PARTNERS L?
The short term momentum for WESTLAKE CHEMICAL PARTNERS L (WLKP) is positive.
What are the support and resistance levels for WESTLAKE CHEMICAL PARTNERS L (WLKP) stock?
WESTLAKE CHEMICAL PARTNERS L (WLKP) has a support level at 22.26 and a resistance level at 22.31. Check the full technical report for our detailed analysis of WLKP support and resistance levels.