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 6 out of 10 to WOR. In the last year, WOR was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
WOR is part of the Machinery industry. There are 128 other stocks in this industry. WOR outperforms 76% 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.
In the last month WOR has a been trading in the 60.15 - 65.05 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, WOR did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Although the technical rating is only medium, WOR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 62.61, a Stop Loss order could be placed below this zone.
More info and screens
38.12
66.41
5 important support areas can be observed.
- A support zone ranging from 61.44 to 62.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.59 from a horizontal line in the daily time frame.
- Support @42.47 from a trend line in the daily time frame.
- Support @40.09 from a trend line in the weekly time frame.
- A support zone ranging from 38.51 to 38.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @64.25 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 65.35 to 65.75. 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 | NEUTRAL | NEUTRAL | The short term trend for WOR is neutral. |
| ChartMill Relative Strength | 84.56 | POSITIVE | WOR has a high relative strength, it outperformed 84.56% 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) | 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) | 56.32 | NEUTRAL | The RSI value for WOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests WOR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.55 | NEUTRAL | The Stochastics value for WOR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for WOR suggests low volalility. |
| Average Directional Index/ADX (14) | 24.63 | NEUTRAL | The ADX value for WOR suggests a possible start of a new 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 |
|---|---|---|---|
| 64.26 | 61.43 | 2.83 (4.40%) | 22.71% |
| An entry @64.26. This is a Buy Stop order right above the resistance zone. | An exit @61.43. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.83 points, which is 4.40%. | For a 1.00% total portfolio risk, you can invest 22.71% of your capital in this trade. |
- 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.
63.02
+0.34 (+0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.54%
1 Week2.14%
2 Weeks0.96%
1 Month-1.58%
3 Month8.39%
6 Month52.26%
12 Month43.49%
2 Year35.81%
3 Year100.48%
5 Year146.14%
10 Year299.46%
15 Year618.86%
Volatility
ATR(14)1.14
ATR(20)%1.95%
ATR Inc-5.85%
Range Today1.05
ADR(20)1.18
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.56
Mansfield2.3
10 Day High63.64
10 Day Low60.15
20 Day High65.05
20 Day Low60.15
52 Week High70.91
52 Week Low37.88
CS1 End62.61
CR1 Start64.25
Volume & EV
DER(3)-0.23%
DER(5)-0.34%
Volume246.30K
Volume Incr-29.29%
Vol(5)205.78K
Vol(50)276.10K