Technical Analysis for WLK - Westlake Chemical Corporation

Grade Last Price % Change Price Change
A 150.76 1.22% 1.82
WLK closed up 1.22 percent on Friday, April 19, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
Earnings due: May 2
*** please verify all earnings dates ***
2 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Multiple of Ten Bullish Other 0.00%
Strong but Oversold Other 0.00%
Inside Day Range Contraction 0.00%
Strong, Oversold and Reversal Signs Reversal 0.00%
Oversold Stochastic Weakness 0.00%
Multiple of Ten Bearish Other 1.22%
Strong but Oversold Other 1.22%
Gapped Up Strength 1.22%
Oversold Stochastic Weakness 1.22%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 13 hours ago
Possible Inside Day about 13 hours ago
Up 1% about 17 hours ago
Fell Below Previous Day's Low about 18 hours ago
Gap Up Closed 1 day ago

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Profile

Westlake Chemical Corporation Description

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates in two segments, Olefins and Vinyls. The Olefins segment provides ethylene, polyethylene, styrene monomer, and various ethylene co-products, such as chemical grade propylene, crude butadiene, pyrolysis gasoline, and hydrogen. The Vinyls segment offers polyvinyl chloride (PVC), vinyl chloride monomer, ethylene dichloride, chlorine, caustic soda, and ethylene. This segment also manufactures and sells building products fabricated from PVC, including pipe, fence and deck, and window and door components. The company's products are used in various applications, which include consumer and industrial markets, such as flexible and rigid packaging, automotive products, coatings, and residential and commercial construction, as well as in other durable and non-durable goods. Westlake Chemical Corporation provides its products for chemical processors, plastics fabricators, construction contractors, municipalities, and supply warehouses in the United States, Canada, Singapore, Switzerland, and internationally. The company was founded in 1985 and is headquartered in Houston, Texas.


Classification

Sector: Basic Materials
Industry: Specialty Chemicals
Keywords: Plastic Organic Compounds Commodity Chemicals Polymers Chloride Hydrogen Automotive Products Thermoplastic Chemical Process Polyethylene Dielectric Durable Good Monomer Chemical Industry Polyvinyl Chloride Vinyl Chloride Styrene Chlorine Rigid Packaging Construction Contractors Hazardous Air Pollutants Basic Chemicals Ethylene Ethylene Co Products Pyrolysis Pyrolysis Gasoline Westlake Chemical

Is WLK a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 162.64
52 Week Low 102.2217
Average Volume 439,081
200-Day Moving Average 133.09
50-Day Moving Average 146.26
20-Day Moving Average 153.82
10-Day Moving Average 153.84
Average True Range 3.58
RSI (14) 49.49
ADX 22.38
+DI 18.92
-DI 18.64
Chandelier Exit (Long, 3 ATRs) 151.91
Chandelier Exit (Short, 3 ATRs) 155.46
Upper Bollinger Bands 161.39
Lower Bollinger Band 146.25
Percent B (%b) 0.3
BandWidth 9.85
MACD Line 1.27
MACD Signal Line 2.64
MACD Histogram -1.3653
Fundamentals Value
Market Cap 19.32 Billion
Num Shares 128 Million
EPS 9.37
Price-to-Earnings (P/E) Ratio 16.09
Price-to-Sales 1.41
Price-to-Book 1.69
PEG Ratio 1.59
Dividend 0.36
Dividend Yield 0.24%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 154.42
Resistance 3 (R3) 154.08 152.52 153.81
Resistance 2 (R2) 152.52 151.59 152.69 153.61
Resistance 1 (R1) 151.64 151.01 152.08 151.98 153.40
Pivot Point 150.08 150.08 150.30 150.25 150.08
Support 1 (S1) 149.20 149.15 149.64 149.54 148.12
Support 2 (S2) 147.64 148.57 147.81 147.91
Support 3 (S3) 146.76 147.64 147.71
Support 4 (S4) 147.10