Worthington Industries (WOR)       46.61  +0.22 (+0.47%)

46.61  +0.22 (+0.47%)

US9818111026 - Common Stock - After market: 46.61 0 (0%)

Technical Rating

Taking everything into account, WOR scores 2 out of 10 in our technical rating. WOR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



WOR is one of the better performing stocks in the Metals & Mining industry, it outperforms 76% of 985 stocks in the same industry.
In the last month WOR has a been trading in the 39.13 - 48.47 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, WOR outperforms 47% of them, which is more or less in line with the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
WOR is currently trading in the lower part of its 52 week range. But, the S&P500 Index is also trading in the lower part of its yearly range, so WOR is not an exception.

Statistics

1 Month 3 Months 6 Months 12 Months 1.30% -8.72% -14.73% -23.39% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 47.38 39.135 - 65.6
WOR Weekly chart
WOR Daily chart

Support/Resistance Analysis


40.00

59.79
When analyzing the support we notice one important area.
  • Support @40.40 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
  • Resistance @48.28 from a horizontal line in the daily time frame.
  • Resistance @51.72 from a horizontal line in the daily time frame.
  • Resistance @57.26 from a trend line in the weekly time frame.
  • Resistance @59.20 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

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 upside lately. For a nice entry it is better to wait for a consolidation.


WOR Daily chart

Worthington Industries46.61

NYSE:WOR (6/27/2022, 7:08:14 PM)+0.22 (+0.47%)

After market: 46.61 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Metals & Mining
Performance
Today 0.47% 1 Week 15.34%
2 Weeks 6.78% 1 Month 1.3%
3 Month -8.72% 6 Month -14.73%
Volatility
ATR(14) 2.01 ATR(20)% 4.02%
ATR Inc 11.61% Range Today 1.73
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 47.38 Mansfield -0.18
10 Day High 47.35 10 Day Low 39.14
20 Day High 48.47 20 Day Low 39.14
52 Week High 65.6 52 Week Low 39.14
CS1 End 40.4 CR1 Start 48.28
Volume & EV
DER(3) 2.54% DER(5) 1.53%
Volume 293.40K Volume Incr 86.38%
Vol(5) 398.42K Vol(50) 247.65K

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