WESTLAKE CHEMICAL PARTNERS L (WLKP) Stock Technical Analysis
USA - NYSE:WLKP - US9604171036
21.65 USD
-0.21 (-0.96%)
21.65 USD
0 (0%)
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, WLKP is a bad performer in the overall market: 77% of all stocks are doing better.
WLKP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
WLKP is part of the Chemicals industry. There are 83 other stocks in this industry, WLKP did better than 48% of them.
In the last month WLKP has a been trading in a tight range between 21.58 and 22.41.
Although the technical rating is bad, WLKP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 21.64, a Stop Loss order could be placed below this zone.
More info and screens
21.07
24.79
When analyzing the support we notice one important area.
- A support zone ranging from 21.28 to 21.64. 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 21.73 to 22.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.49 to 23.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.54 from a horizontal line in the weekly 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 WLKP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WLKP is down. |
| ChartMill Relative Strength | 23.92 | NEGATIVE | WLKP has a low relative strength, it was outperformed by 76.08% off all stocks 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) | 38.72 | NEUTRAL | The RSI value for WLKP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests WLKP has a negative trend. |
| Stochastics (14,3) | 11.35 | OVERSOLD | The low Stochastics value suggests WLKP may be oversold. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for WLKP suggests low volalility. |
| Average Directional Index/ADX (14) | 14.61 | NEGATIVE | The low ADX value for WLKP 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)
21.65
-0.21 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.96%
1 Week-1.1%
2 Weeks-2.57%
1 Month-1.28%
3 Month-2.12%
6 Month-7.08%
12 Month-3.39%
2 Year-0.46%
3 Year0.7%
5 Year15.47%
10 Year23.71%
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%1.16%
ATR Inc1.2%
Range Today0.36
ADR(20)0.25
ADR(20)%1.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.92
Mansfield-1.47
10 Day High22.3
10 Day Low21.58
20 Day High22.41
20 Day Low21.58
52 Week High25.04
52 Week Low21.41
CS1 End21.64
CR1 Start21.73
Volume & EV
DER(3)-2.21%
DER(5)-1.4%
Volume59.50K
Volume Incr24.57%
Vol(5)42.92K
Vol(50)33.29K