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 9 out of 10 to WOR. Both in the recent history as in the last year, WOR has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
WOR is one of the better performing stocks in the Machinery industry, it outperforms 87% of 128 stocks in the same industry.
WOR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WOR is performing more or less in line with the market.
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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that WOR is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
WOR has an excellent technical rating, but the quality of the setup is only medium 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
38.85
61.92
4 important support areas can be observed.
- A support zone ranging from 57.58 to 57.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.41 from a trend line in the daily time frame.
- Support @41.13 from a trend line in the daily time frame.
- A support zone ranging from 39.24 to 39.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 59.43 to 59.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @61.31 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 | 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 | 88.5 | POSITIVE | WOR has a high relative strength, it outperformed 88.5% 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) | 60.64 | NEUTRAL | The RSI value for WOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests WOR has a negative trend. |
| Stochastics (14,3) | 57.29 | NEUTRAL | The Stochastics value for WOR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for WOR suggests some volalility. |
| Average Directional Index/ADX (14) | 36.51 | POSITIVE | The high ADX value value for WOR suggests a strong 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)
57.59
-0.28 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.48%
1 Week-3.6%
2 Weeks-0.95%
1 Month15.76%
3 Month35.76%
6 Month42.48%
12 Month1.05%
2 Year66.43%
3 Year100.29%
5 Year212.21%
10 Year243.31%
15 Year534.61%
Volatility
ATR(14)1.36
ATR(20)%2.54%
ATR Inc-35.01%
Range Today0.89
ADR(20)1.26
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.5
Mansfield2.5
10 Day High61.71
10 Day Low56.88
20 Day High61.71
20 Day Low48.44
52 Week High61.71
52 Week Low37.88
CS1 End57.58
CR1 Start59.43
Volume & EV
DER(3)-1.86%
DER(5)-1.01%
Volume155.80K
Volume Incr-27.98%
Vol(5)204.74K
Vol(50)424.85K