WESTLAKE CHEMICAL PARTNERS L (WLKP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WLKP - US9604171036
Overall WLKP gets a technical rating of 1 out of 10. WLKP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, WLKP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 19.05. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for WLKP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
17.69
We found 1 important support area.
- Support @17.87 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 19.05 to 19.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.65 from a trend line in the daily time frame.
- Resistance @21.61 from a horizontal line in the daily time frame.
- A resistance zone ranging from 22.38 to 22.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @23.93 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 | NEUTRAL | NEUTRAL | The short term trend for WLKP is neutral. |
| ChartMill Relative Strength | 17.5 | NEGATIVE | WLKP has a low relative strength, it was outperformed by 82.5% off all stocks 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) | 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) | 51.77 | NEUTRAL | The RSI value for WLKP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests WLKP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.01 | OVERBOUGHT | The high Stochastics value suggests WLKP may be overbought. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for WLKP suggests some volalility. |
| Average Directional Index/ADX (14) | 26.36 | POSITIVE | The high ADX value value for WLKP suggests a strong trend. |
NYSE:WLKP (12/9/2025, 8:04:00 PM)
19.02
+0.05 (+0.26%)
WESTLAKE CHEMICAL PARTNERS L / WLKP FAQ
What is the technical rating for WLKP stock?
ChartMill assigns a technical rating of 1 / 10 to WLKP.
What is the trend direction for WLKP stock?
The current trend direction for WESTLAKE CHEMICAL PARTNERS L (WLKP) is Bearish.
What is the RSI signal for WESTLAKE CHEMICAL PARTNERS L (WLKP) stock?
WESTLAKE CHEMICAL PARTNERS L (WLKP) has an RSI value of 51.7686. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WESTLAKE CHEMICAL PARTNERS L?
The MACD indicator for WESTLAKE CHEMICAL PARTNERS L (WLKP) has a value of 0.13046, indicating a bearish trend.