Technical Analysis for WLK - Westlake Chemical Corporation

Grade Last Price % Change Price Change
grade B 72.59 -2.06% -1.53
WLK closed down 2.06 percent on Tuesday, January 15, 2019, on 67 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Up Up
See historical WLK trend table...

Date Alert Name Type % Chg
Jan 15 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Jan 15 Overbought Stochastic Strength 0.00%
Jan 15 Down 3 Days in a Row Weakness 0.00%
Jan 14 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.06%
Jan 14 Overbought Stochastic Strength -2.06%
Jan 11 Stochastic Sell Signal Bearish -3.30%
Jan 11 Narrow Range Bar Range Contraction -3.30%
Jan 11 NR7 Range Contraction -3.30%
Jan 11 Upper Bollinger Band Walk Strength -3.30%
Jan 11 Inside Day Range Contraction -3.30%

Older signals for WLK ...

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Profile
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.
Is WLK a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 1 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 124.295
52 Week Low 59.775
Average Volume 826,475
200-Day Moving Average 93.0439
50-Day Moving Average 69.8582
20-Day Moving Average 67.734
10-Day Moving Average 71.959
Average True Range 2.6842
ADX 21.93
+DI 26.943
-DI 21.1379
Chandelier Exit (Long, 3 ATRs ) 68.0374
Chandelier Exit (Short, 3 ATRs ) 67.8276
Upper Bollinger Band 77.8294
Lower Bollinger Band 57.6386
Percent B (%b) 0.74
BandWidth 29.808959
MACD Line 1.6156
MACD Signal Line 0.507
MACD Histogram 1.1085
Fundamentals Value
Market Cap 9.36 Billion
Num Shares 129 Million
EPS 3.50
Price-to-Earnings (P/E) Ratio 20.74
Price-to-Sales 1.58
Price-to-Book 2.85
PEG Ratio 1.58
Dividend 0.84
Dividend Yield 1.16%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 76.24
Resistance 3 (R3) 76.42 75.40 75.63
Resistance 2 (R2) 75.40 74.47 75.30 75.42
Resistance 1 (R1) 73.99 73.89 73.48 73.81 75.22
Pivot Point 72.97 72.97 72.71 72.87 72.97
Support 1 (S1) 71.56 72.04 71.05 71.38 69.96
Support 2 (S2) 70.54 71.46 70.44 69.76
Support 3 (S3) 69.13 70.54 69.55
Support 4 (S4) 68.95