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 8 out of 10 to WS. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WS is only an average performer.
The long and short term trends are both positive. This is looking good!
WS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, WS outperforms 57% of them, which is more or less in line with the market.
WS is part of the Metals & Mining industry. There are 154 other stocks in this industry, WS did better than 42% of them.
WS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WS is lagging the market.
WS has an excellent technical rating and also presents a decent setup pattern. 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. There is a resistance zone just above the current price starting at 32.01. Right above this resistance zone may be a good entry point.
More info and screens
24.65
33.19
When analyzing the support we can see 2 important areas.
- A support zone ranging from 31.62 to 31.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.90 to 25.22. 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 32.01 to 32.86. 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 | 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 | 57.76 | NEUTRAL | WS is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of WS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.93 | NEUTRAL | The RSI value for WS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests WS has a negative trend. |
| Stochastics (14,3) | 72.59 | NEUTRAL | The Stochastics value for WS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for WS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.44 | POSITIVE | The high ADX value value for WS suggests a strong 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)
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 |
|---|---|---|---|
| 32.87 | 31.61 | 1.26 (3.83%) | 25.00% |
| An entry @32.87. This is a Buy Stop order right above the resistance zone. | An exit @31.61. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.26 points, which is 3.83%. | For a 0.96% 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.
31.92
-0.33 (-1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.02%
1 Week-2.83%
2 Weeks-1.54%
1 Month26.57%
3 Month31.68%
6 Month5.24%
12 Month-12.36%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%4.29%
ATR Inc-28.02%
Range Today1.24
ADR(20)1.21
ADR(20)%3.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.76
Mansfield-0.71
10 Day High32.94
10 Day Low31.11
20 Day High32.94
20 Day Low24.23
52 Week High47.19
52 Week Low21.3
CS1 End31.91
CR1 Start32.01
Volume & EV
DER(3)-1.17%
DER(5)-0.53%
Volume247.30K
Volume Incr-41.55%
Vol(5)225.90K
Vol(50)278.00K