WORTHINGTON ENTERPRISES INC (WOR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WOR - US9818111026 - Common Stock
We assign a technical rating of 2 out of 10 to WOR. Although WOR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of WOR is bad and it also does not present a quality setup 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
50.65
We found 1 important support area.
- A support zone ranging from 51.16 to 52.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 56.19 to 56.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 57.63 to 58.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @65.75 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for WOR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WOR is neutral. |
| ChartMill Relative Strength | 75.09 | POSITIVE | WOR has a high relative strength, it outperformed 75.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WOR is above 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) | UP | MIXED | The current price of WOR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.15 | NEUTRAL | The RSI value for WOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests WOR has a positive trend. |
| Stochastics (14,3) | 54.45 | NEUTRAL | The Stochastics value for WOR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for WOR suggests some volalility. |
| Average Directional Index/ADX (14) | 19.66 | NEGATIVE | The low ADX value for WOR suggests a weak or negative trend. |
53.81
+0.27 (+0.5%)
WORTHINGTON ENTERPRISES INC / WOR FAQ
What is the ChartMill technical rating of WORTHINGTON ENTERPRISES INC (WOR) stock?
ChartMill assigns a technical rating of 2 / 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 51.1493. This indicates that the stock is currently neutral.
What are the support and resistance levels for WORTHINGTON ENTERPRISES INC (WOR) stock?
WORTHINGTON ENTERPRISES INC (WOR) has a support level at 52.4 and a resistance level at 56.19. Check the full technical report for our detailed analysis of WOR support and resistance levels.