WORTHINGTON STEEL INC (WS) Stock Technical Analysis
NYSE:WS • US9821041012
We assign a technical rating of 10 out of 10 to WS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WS is showing a nice and steady performance.
- WS is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 60% are performing better than WS.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, WS did better than 90% of all other stocks. On top of that, WS also shows a nice and consistent pattern of rising prices.
- WS 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 WS is lagging the market slightly.
- In the last month WS has a been trading in the 38.01 - 49.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although WS 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
34.44
3 important support areas can be observed.
- A support zone ranging from 43.33 to 44.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.54 to 40.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.79 from a trend line in the weekly 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 WS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WS is up. |
| ChartMill Relative Strength | 90.71 | POSITIVE | WS has a high relative strength, it outperformed 90.71% 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) | 54.62 | NEUTRAL | The RSI value for WS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests WS has a negative trend. |
| Stochastics (14,3) | 46.74 | NEUTRAL | The Stochastics value for WS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for WS suggests some volalility. |
| Average Directional Index/ADX (14) | 44.75 | 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 |
|---|---|---|---|
| 46.28 | 43.32 | 2.96 (6.40%) | 15.62% |
| An entry @46.28. This is a Buy Stop order right above the 10 day moving average. | An exit @43.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.96 points, which is 6.40%. | When investing 15.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
44.07
+0.51 (+1.17%)
WORTHINGTON STEEL INC / WS FAQ
What is the ChartMill technical rating of WORTHINGTON STEEL INC (WS) stock?
ChartMill assigns a technical rating of 10 / 10 to WS.
What is the current trend direction of WORTHINGTON STEEL INC (WS) stock?
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 54.624. This indicates that the stock is currently neutral.
What is the buy/sell signal for WS stock?
The buy/sell signal for WORTHINGTON STEEL INC (WS) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for WORTHINGTON STEEL INC?
WORTHINGTON STEEL INC (WS) has a support level at 44.06. Check the full technical report for our detailed analysis of WS support and resistance levels.