WORTHINGTON STEEL INC (WS) Stock Technical Analysis
NYSE:WS - New York Stock Exchange, Inc. - US9821041012 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to WS. WS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
77% of all other stocks performed better in the past year than WS.
WS is one of the lesser performing stocks in the Metals & Mining industry. 74% of 154 stocks in the same industry do better.
WS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WS is lagging the market.
In the last month WS has a been trading in the 24.73 - 28.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, WS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
22.35
28.27
We found 1 important support area.
- A support zone ranging from 22.58 to 22.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.45 to 27.99. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for WS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WS is neutral. |
| ChartMill Relative Strength | 23.27 | NEGATIVE | WS has a low relative strength, it was outperformed by 76.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.5 | NEUTRAL | The RSI value for WS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests WS has a negative trend. |
| Stochastics (14,3) | 19.83 | OVERSOLD | The low Stochastics value suggests WS may be oversold. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for WS suggests some volalility. |
| Average Directional Index/ADX (14) | 19.97 | NEGATIVE | The low ADX value for WS suggests a weak or negative 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)
25.7
-0.4 (-1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.53%
1 Week-5.79%
2 Weeks-1.19%
1 Month-0.12%
3 Month-9.48%
6 Month-43.07%
12 Month-22.52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%3.37%
ATR Inc-12.77%
Range Today1.11
ADR(20)0.83
ADR(20)%3.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.27
Mansfield-2.19
10 Day High28.38
10 Day Low25.43
20 Day High28.38
20 Day Low24.73
52 Week High47.19
52 Week Low21.3
CS1 End22.94
CR1 Start26.45
Volume & EV
DER(3)-4.17%
DER(5)-1.11%
Volume222.50K
Volume Incr-6.68%
Vol(5)150.14K
Vol(50)270.35K