WORTHINGTON STEEL INC (WS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WS - US9821041012 - Common Stock
Overall WS gets a technical rating of 9 out of 10. Both in the recent history as in the last year, WS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, WS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 36.31, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
29.35
3 important support areas can be observed.
- A support zone ranging from 35.44 to 36.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.34 to 32.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.34 to 36.54. 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 WS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WS is up. |
| ChartMill Relative Strength | 80.44 | POSITIVE | WS has a high relative strength, it outperformed 80.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.94 | NEUTRAL | The RSI value for WS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests WS has a negative trend. |
| Stochastics (14,3) | 48.61 | NEUTRAL | The Stochastics value for WS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for WS suggests some volalility. |
| Average Directional Index/ADX (14) | 38.35 | POSITIVE | The high ADX value value for WS suggests a strong trend. |
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 |
|---|---|---|---|
| 36.55 | 35.43 | 1.12 (3.06%) | 25.00% |
| An entry @36.55. This is a Buy Stop order right above the resistance zone. | An exit @35.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.12 points, which is 3.06%. | For a 0.77% 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 WS. 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.
36.32
-0.18 (-0.49%)
WORTHINGTON STEEL INC / WS FAQ
What is the ChartMill technical rating of WORTHINGTON STEEL INC (WS) stock?
ChartMill assigns a technical rating of 9 / 10 to WS.
Can you provide the trend direction for WORTHINGTON STEEL INC?
The current trend direction for WORTHINGTON STEEL INC (WS) is Bullish.
What is the RSI signal for WS stock?
WORTHINGTON STEEL INC (WS) has an RSI value of 63.935. This indicates that the stock is currently neutral.
What is the MACD signal for WORTHINGTON STEEL INC (WS) stock?
The MACD indicator for WORTHINGTON STEEL INC (WS) has a value of -0.0610659, indicating a bearish trend.
What is the short term momentum for WORTHINGTON STEEL INC (WS) stock?
The short term momentum for WORTHINGTON STEEL INC (WS) is positive.