WORTHINGTON ENTERPRISES INC (WOR) Technical Analysis
NYSE:WOR • US9818111026
We assign a technical rating of 0 out of 10 to WOR. WOR'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.
- 67% of all other stocks performed better in the past year than WOR.
- WOR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WOR is lagging the market.
- In the last month WOR has a been trading in the 46.94 - 59.45 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- WOR is an average performer in the Machinery industry, it outperforms 44% of 131 stocks in the same industry.
The technical rating of WOR is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
46.52
We can see 2 important resistance areas.
- A resistance zone ranging from 54.12 to 54.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 57.40 to 57.63. 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 | NEUTRAL | NEUTRAL | The long term trend for WOR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WOR is down. |
| ChartMill Relative Strength | 33.45 | NEUTRAL | WOR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WOR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WOR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WOR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 20.87 | OVERSOLD | The low RSI value suggests WOR may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.99 | NEGATIVE | The MACD value suggests WOR has a negative trend. |
| Stochastics (14,3) | 6.29 | OVERSOLD | The low Stochastics value suggests WOR may be oversold. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for WOR suggests some volalility. |
| Average Directional Index/ADX (14) | 30.77 | POSITIVE | The high ADX value value for WOR suggests a strong trend. |
WOR Technicals: Chart, Performance Metrics, Trend & Indicators
46.99
-2.34 (-4.74%)
WORTHINGTON ENTERPRISES INC / WOR FAQ
What is the ChartMill technical rating of WORTHINGTON ENTERPRISES INC (WOR) stock?
ChartMill assigns a technical rating of 0 / 10 to WOR.
Can you provide the trend direction for WORTHINGTON ENTERPRISES INC?
The current trend direction for WORTHINGTON ENTERPRISES INC (WOR) is Bearish.
What is the RSI signal for WOR stock?
WORTHINGTON ENTERPRISES INC (WOR) has an RSI value of 20.8733. This indicates that the stock is currently oversold.
What are the support and resistance levels for WORTHINGTON ENTERPRISES INC (WOR) stock?
WORTHINGTON ENTERPRISES INC (WOR) has a resistance level at 54.12. Check the full technical report for our detailed analysis of WOR support and resistance levels.