WESTLAKE CHEMICAL PARTNERS L (WLKP) Technical Analysis
NYSE:WLKP • US9604171036
Current stock price
WLKP Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to WLKP. Although WLKP is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 65% of all other stocks performed better in the past year than WLKP.
- WLKP is one of the lesser performing stocks in the Chemicals industry. 65% of 82 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- WLKP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WLKP is lagging the market slightly.
- In the last month WLKP has a been trading in the 21.51 - 22.93 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Considerably lower volume is observed in the last couple of days.
WLKP Weekly and Daily overview Charts
WLKP Setup Rating and Analysis
Although the technical rating is only medium, WLKP does present a nice setup opportunity. Prices have been consolidating lately. 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 22.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.31, a Stop Loss order could be placed below this zone. 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
WLKP Support and Resistance Analysis
20.47
When analyzing the support we can see 2 important areas.
- A support zone ranging from 21.70 to 22.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.68 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.48 to 22.73. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 35.68 | 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) | DOWN | MIXED | The current price of WLKP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.56 | 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) | 54.13 | NEUTRAL | The Stochastics value for WLKP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for WLKP suggests some volalility. |
| Average Directional Index/ADX (14) | 16.12 | NEGATIVE | The low ADX value for WLKP suggests a weak or negative 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 |
|---|---|---|---|
| 22.74 | 22.07 | 0.67 (2.95%) | 25.00% |
| An entry @22.74. This is a Buy Stop order right above the resistance zone. | An exit @22.07. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.67 points, which is 2.95%. | For a 0.74% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 (4/22/2026, 2:07:06 PM)
22.39
+0.06 (+0.27%)
WESTLAKE CHEMICAL PARTNERS L / WLKP TA FAQ
What is the technical rating for WLKP stock?
ChartMill assigns a technical rating of 6 / 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.
Can you provide the RSI signal for WESTLAKE CHEMICAL PARTNERS L?
WESTLAKE CHEMICAL PARTNERS L (WLKP) has an RSI value of 51.5596. This indicates that the stock is currently neutral.
What is the MACD signal for WESTLAKE CHEMICAL PARTNERS L (WLKP) stock?
The MACD indicator for WESTLAKE CHEMICAL PARTNERS L (WLKP) has a value of -0.0326827, 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 buy as both the short term and long term trends are positive.