WORTHINGTON STEEL INC (WS) Stock Technical Analysis
NYSE:WS • US9821041012
Overall WS gets a technical rating of 10 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.
- WS is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 60% are performing better than WS.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that WS is one of the better performing stocks in the market, outperforming 90% of all 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, it does not offer a high quality setup 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
29.35
When analyzing the support we can see 5 important areas.
- A support zone ranging from 43.59 to 43.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.82 from a trend line in the daily time frame.
- A support zone ranging from 39.21 to 39.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @34.79 from a trend line in the weekly time frame.
- Support @29.65 from a horizontal line in the daily 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 | 90.77 | POSITIVE | WS has a high relative strength, it outperformed 90.77% 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) | 54.47 | NEUTRAL | The RSI value for WS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests WS has a negative trend. |
| Stochastics (14,3) | 65.91 | NEUTRAL | The Stochastics value for WS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for WS suggests some volalility. |
| Average Directional Index/ADX (14) | 49.63 | POSITIVE | The high ADX value value for WS suggests a strong trend. |
43.98
-1.36 (-3%)
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 54.4746. 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 43.97. Check the full technical report for our detailed analysis of WS support and resistance levels.