WESTLAKE CHEMICAL PARTNERS L (WLKP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:WLKP • US9604171036
Overall WLKP gets a technical rating of 7 out of 10. WLKP has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- WLKP is one of the lesser performing stocks in the Chemicals industry. 62% of 83 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- In the last month WLKP has a been trading in the 19.59 - 22.30 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, WLKP outperforms 50% of them, which is more or less in line with the market.
- WLKP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WLKP is lagging the market.
Although WLKP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
18.47
We found 3 important support areas.
- A support zone ranging from 20.83 to 21.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.13 from a trend line in the daily time frame.
- Support @18.66 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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.
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 | 50.84 | 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) | 71.16 | OVERBOUGHT | The high RSI value suggests WLKP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WLKP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.79 | NEUTRAL | The Stochastics value for WLKP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for WLKP suggests low volalility. |
| Average Directional Index/ADX (14) | 38.08 | POSITIVE | The high ADX value value for WLKP suggests a strong trend. |
NYSE:WLKP (2/4/2026, 4:15:00 PM)
21.8
-0.06 (-0.27%)
WESTLAKE CHEMICAL PARTNERS L / WLKP FAQ
What is the technical rating for WLKP stock?
ChartMill assigns a technical rating of 7 / 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 71.1583. This indicates that the stock is currently overbought.
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 21.02 and a resistance level at 24.54. Check the full technical report for our detailed analysis of WLKP support and resistance levels.