WORTHINGTON ENTERPRISES INC (WOR) Stock Technical Analysis
NYSE:WOR • US9818111026
Taking everything into account, WOR scores 8 out of 10 in our technical rating. In the last year, WOR was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long and short term trends are both positive. This is looking good!
- 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.
- Looking at the yearly performance, WOR did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- WOR is part of the Machinery industry. There are 131 other stocks in this industry, WOR did better than 58% of them.
- WOR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WOR is lagging the market.
Besides having an excellent technical rating, WOR also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 58.73, a Stop Loss order could be placed below this zone.
More info and screens
50.65
We found 3 important support areas.
- A support zone ranging from 57.95 to 58.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @53.74 from a trend line in the weekly time frame.
- A support zone ranging from 51.16 to 52.51. 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 WOR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WOR is up. |
| ChartMill Relative Strength | 80.47 | POSITIVE | WOR has a high relative strength, it outperformed 80.47% 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) | 67.25 | NEUTRAL | The RSI value for WOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests WOR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.2 | OVERBOUGHT | The high Stochastics value suggests WOR may be overbought. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for WOR suggests some volalility. |
| Average Directional Index/ADX (14) | 27.83 | POSITIVE | The high ADX value value for WOR suggests a strong trend. |
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 |
|---|---|---|---|
| 59.60 | 57.94 | 1.66 (2.79%) | 25.00% |
| An entry @59.60. This is a Buy Stop order right above the 10 day high. | An exit @57.94. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.66 points, which is 2.79%. | For a 0.70% 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 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.
58.95
+0.8 (+1.38%)
WORTHINGTON ENTERPRISES INC / WOR FAQ
What is the ChartMill technical rating of WORTHINGTON ENTERPRISES INC (WOR) stock?
ChartMill assigns a technical rating of 8 / 10 to WOR.
Can you provide the trend direction for WORTHINGTON ENTERPRISES INC?
The current trend direction for WORTHINGTON ENTERPRISES INC (WOR) is Bullish.
What is the RSI signal for WOR stock?
WORTHINGTON ENTERPRISES INC (WOR) has an RSI value of 67.2474. This indicates that the stock is currently neutral.
What is the buy/sell signal for WORTHINGTON ENTERPRISES INC (WOR) stock?
The buy/sell signal for WORTHINGTON ENTERPRISES INC (WOR) is buy as both the short term and long term trends are positive.
What is the support and resistance level for WOR stock?
WORTHINGTON ENTERPRISES INC (WOR) has a support level at 58.73. Check the full technical report for our detailed analysis of WOR support and resistance levels.