WESTROCK CO (WRK)

US96145D1054 - Common Stock

49.2  -0.14 (-0.28%)

Premarket: 48.68 -0.52 (-1.06%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to WRK. Both in the recent history as in the last year, WRK has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that WRK is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by WRK over the past year are nicely spread over this period.
WRK is part of the Containers & Packaging industry. There are 23 other stocks in this industry. WRK outperforms 95% of them.
WRK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
WRK 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.
WRK has an average volume of 2206890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
WRK Weekly chart
WRK Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, WRK 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 a resistance zone just above the current price starting at 49.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.77, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

40.46

49.94

We found 4 important support areas.

  • A support zone ranging from 48.21 to 48.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 43.95 to 44.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @41.73 from a trend line in the weekly time frame.
  • Support @40.87 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 49.21 to 49.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.31
Mansfield1.84
10 Day High49.67
10 Day Low47.13
20 Day High49.67
20 Day Low44.03
52 Week High49.67
52 Week Low26.85
Performance
1 Week-0.49%
2 Weeks4.9%
1 Month9.26%
3 Month18.5%
6 Month37.43%
12 Month61.47%
2 Year4.61%
3 Year-5.48%
5 Year28.29%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)70.2
LBB45.76
UBB50.44
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
49.4648.201.26 (2.55%)25.00%
An entry @49.46. This is a Buy Stop order right above the resistance zone.An exit @48.20. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.26 points, which is 2.55%.For a 0.64% 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 WRK. 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.
WRK Daily chart

WESTROCK CO

NYSE:WRK (3/27/2024, 8:04:00 PM)

Premarket: 48.68 -0.52 (-1.06%)

49.2

-0.14 (-0.28%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-0.28%
1 Week-0.49%
2 Weeks4.9%
1 Month9.26%
3 Month18.5%
6 Month37.43%
12 Month61.47%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.94
ATR(20)%1.86%
ATR Inc
Range Today1.03
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High49.67
10 Day Low47.13
20 Day High49.67
20 Day Low44.03
52 Week High49.67
52 Week Low26.85
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.78M
Volume Incr18.96%
Vol(5)2.50M
Vol(50)2.21M