WORTHINGTON ENTERPRISES INC (WOR) Stock Technical Analysis
NYSE:WOR - New York Stock Exchange, Inc. - US9818111026 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to WOR. Both in the recent history as in the last year, WOR has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
WOR is part of the Machinery industry. There are 128 other stocks in this industry. WOR outperforms 81% of them.
WOR 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 WOR is lagging the market slightly.
WOR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that WOR is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, WOR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 64.36. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
38.43
66.41
When analyzing the support we can see 5 important areas.
- A support zone ranging from 62.18 to 62.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 57.59 to 58.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.01 from a trend line in the daily time frame.
- Support @39.97 from a trend line in the weekly time frame.
- A support zone ranging from 38.82 to 39.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.36 to 65.75. This zone is formed by a combination of multiple trend lines and important moving averages 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 WOR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WOR is up. |
| ChartMill Relative Strength | 87.19 | POSITIVE | WOR has a high relative strength, it outperformed 87.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WOR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WOR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WOR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.68 | NEUTRAL | The RSI value for WOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests WOR has a negative trend. |
| Stochastics (14,3) | 48.9 | NEUTRAL | The Stochastics value for WOR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for WOR suggests some volalility. |
| Average Directional Index/ADX (14) | 41.66 | POSITIVE | The high ADX value value for WOR suggests a strong 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)
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 |
|---|---|---|---|
| 65.76 | 62.61 | 3.16 (4.80%) | 20.84% |
| An entry @65.76. This is a Buy Stop order right above the resistance zone. | An exit @62.61. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.16 points, which is 4.80%. | For a 1.00% total portfolio risk, you can invest 20.84% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WOR. 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.
63.53
-0.77 (-1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.2%
1 Week-2.78%
2 Weeks0.73%
1 Month4.3%
3 Month33.75%
6 Month60.35%
12 Month32.77%
2 Year38.1%
3 Year101.23%
5 Year175.39%
10 Year280.82%
15 Year619.12%
Volatility
ATR(14)2.13
ATR(20)%2.86%
ATR Inc-40.42%
Range Today1.32
ADR(20)1.78
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.19
Mansfield2.62
10 Day High66.26
10 Day Low62.62
20 Day High70.91
20 Day Low57.63
52 Week High70.91
52 Week Low37.88
CS1 End62.58
CR1 Start64.36
Volume & EV
DER(3)-0.5%
DER(5)-0.36%
Volume311.90K
Volume Incr6.92%
Vol(5)336.44K
Vol(50)288.41K