WORTHINGTON STEEL INC (WS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WS - US9821041012 - Common Stock
Taking everything into account, WS scores 5 out of 10 in our technical rating. WS has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
WS has an average technical rating and also the quality of the setup is only medium 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
28.84
2 important support areas can be observed.
- A support zone ranging from 30.85 to 32.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.13 to 29.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 33.76 to 33.98. 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 | NEUTRAL | NEUTRAL | The long term trend for WS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WS is up. |
| ChartMill Relative Strength | 22.41 | NEGATIVE | WS has a low relative strength, it was outperformed by 77.59% 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) | 63.42 | NEUTRAL | The RSI value for WS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests WS has a positive trend. |
| Stochastics (14,3) | 88.29 | OVERBOUGHT | The high Stochastics value suggests WS may be overbought. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for WS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.7 | NEGATIVE | The low ADX value for WS suggests a weak or negative trend. |
33.75
-0.13 (-0.38%)
WORTHINGTON STEEL INC / WS FAQ
What is the ChartMill technical rating of WORTHINGTON STEEL INC (WS) stock?
ChartMill assigns a technical rating of 5 / 10 to WS.
Can you provide the trend direction for WORTHINGTON STEEL INC?
The current trend direction for WORTHINGTON STEEL INC (WS) is Bearish.
What is the RSI signal for WS stock?
WORTHINGTON STEEL INC (WS) has an RSI value of 63.4201. 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 0.280655, 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.