WESTROCK CO (WRK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WRK - US96145D1054 - Common Stock
Overall WRK gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although WRK has an excellent technical rating, the quality of the presented setup is not ideal 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
44.50
4 important support areas can be observed.
- A support zone ranging from 49.65 to 51.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.22 to 48.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @46.80 from a trend line in the weekly time frame.
- Support @44.95 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.14 to 54.75. 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 WRK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WRK is neutral. |
| ChartMill Relative Strength | 94.14 | POSITIVE | WRK has a high relative strength, it outperformed 94.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WRK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WRK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WRK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.88 | NEUTRAL | The RSI value for WRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WRK has a positive trend. |
| Stochastics (14,3) | 42.13 | NEUTRAL | The Stochastics value for WRK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for WRK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.62 | NEUTRAL | The ADX value for WRK suggests a possible start of a new trend. |
51.51
+1.76 (+3.54%)
WESTROCK CO / WRK FAQ
What is the ChartMill technical rating of WESTROCK CO (WRK) stock?
ChartMill assigns a technical rating of 8 / 10 to WRK.
What is the trend direction for WRK stock?
The current trend direction for WESTROCK CO (WRK) is Bullish.
Can you provide the RSI signal for WESTROCK CO?
WESTROCK CO (WRK) has an RSI value of 53.8798. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WESTROCK CO?
The MACD indicator for WESTROCK CO (WRK) has a value of 0.00108731, indicating a bearish trend.
What is the short term momentum for WESTROCK CO (WRK) stock?
The short term momentum for WESTROCK CO (WRK) is neutral.