WORTHINGTON STEEL INC (WS) Stock Technical Analysis
USA - NYSE:WS - US9821041012 - Common Stock
We assign a technical rating of 3 out of 10 to WS. In the last year, WS was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
WS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 31.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.38, a Stop Loss order could be placed below this zone.
More info and screens
27.04
3 important support areas can be observed.
- A support zone ranging from 30.35 to 30.38. This zone is formed by a combination of multiple trend lines 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.
- Support @27.31 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 31.56 to 31.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.26 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 | NEUTRAL | NEUTRAL | The short term trend for WS is neutral. |
| ChartMill Relative Strength | 18.96 | NEGATIVE | WS has a low relative strength, it was outperformed by 81.04% 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) | DOWN | NEGATIVE | The current price of WS is below a declining 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) | 50.14 | NEUTRAL | The RSI value for WS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests WS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.91 | NEUTRAL | The Stochastics value for WS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for WS suggests some volalility. |
| Average Directional Index/ADX (14) | 12.88 | NEGATIVE | The low ADX value for WS suggests a weak or negative trend. |
31.34
-0.34 (-1.07%)
WORTHINGTON STEEL INC / WS FAQ
What is the ChartMill technical rating of WORTHINGTON STEEL INC (WS) stock?
ChartMill assigns a technical rating of 3 / 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 50.1369. 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 0.0810011, 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 neutral.