WESTLAKE CHEMICAL PARTNERS L (WLKP) Stock Technical Analysis
USA - NYSE:WLKP - US9604171036
We assign a technical rating of 0 out of 10 to WLKP. 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.
WLKP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
17.72
We can see 5 important resistance areas.
- A resistance zone ranging from 18.48 to 19.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 19.90 to 20.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for WLKP is down. |
| ChartMill Relative Strength | 16.31 | NEGATIVE | WLKP has a low relative strength, it was outperformed by 83.69% 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) | 30.89 | NEUTRAL | The RSI value for WLKP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WLKP has a negative trend. |
| Stochastics (14,3) | 13.59 | OVERSOLD | The low Stochastics value suggests WLKP may be oversold. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for WLKP suggests some volalility. |
| Average Directional Index/ADX (14) | 52.42 | POSITIVE | The high ADX value value for WLKP suggests a strong trend. |
17.9
-0.02 (-0.11%)
WESTLAKE CHEMICAL PARTNERS L / WLKP FAQ
What is the technical rating for WLKP stock?
ChartMill assigns a technical rating of 0 / 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 30.893. 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 -0.00546767, indicating a bearish trend.
What is the buy/sell signal for WESTLAKE CHEMICAL PARTNERS L (WLKP) stock?
The buy/sell signal for WESTLAKE CHEMICAL PARTNERS L (WLKP) is sell as both the short term and long term trends are negative.