Technical Analysis for WLK - Westlake Chemical Corporation

Grade Last Price % Change Price Change
A 104.1 2.00% 2.04
WLK closed up 2.0 percent on Friday, May 14, 2021, on 60 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical WLK trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
NR7 Range Contraction 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.00%
Inside Day Range Contraction 2.00%
Overbought Stochastic Strength 2.00%
Inside Day Range Contraction 3.17%
Overbought Stochastic Strength 3.17%
New 52 Week Closing High Bullish 0.45%
180 Bullish Setup Bullish Swing Setup 0.45%
Slingshot Bullish Bullish Swing Setup 0.45%
Older End-of-Day Signals for WLK ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Possible NR7 about 21 hours ago
Up 2% 1 day ago
Non-ADX 1,2,3,4 Pullback Entry 1 day ago
Rose Above Previous Day's High 1 day ago
Up 1% 1 day ago
View Earlier Intraday Alerts

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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: Plastics Organic Compounds Polymers Chloride Commodity Chemicals Automotive Product Hydrogen Automotive Products Chemical Process Polyethylene Chemical Industry Dielectrics Thermoplastics Durable Good Monomer Westlake Polyvinyl Chloride Styrene Vinyl Chloride Monomers Construction Contractors Chlorine Rigid Packaging 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 105.54
52 Week Low 41.96
Average Volume 503,232
200-Day Moving Average 78.65
50-Day Moving Average 93.84
20-Day Moving Average 97.88
10-Day Moving Average 101.39
Average True Range 3.04
ADX 14.48
+DI 27.57
-DI 17.83
Chandelier Exit (Long, 3 ATRs ) 96.42
Chandelier Exit (Short, 3 ATRs ) 100.15
Upper Bollinger Band 106.20
Lower Bollinger Band 89.56
Percent B (%b) 0.87
BandWidth 17.01
MACD Line 3.04
MACD Signal Line 2.61
MACD Histogram 0.4285
Fundamentals Value
Market Cap 13.3 Billion
Num Shares 128 Million
EPS 2.25
Price-to-Earnings (P/E) Ratio 46.27
Price-to-Sales 1.36
Price-to-Book 1.69
PEG Ratio 1.59
Dividend 1.08
Dividend Yield 1.04%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 107.04
Resistance 3 (R3) 106.86 105.71 106.55
Resistance 2 (R2) 105.71 104.96 105.80 106.39
Resistance 1 (R1) 104.90 104.50 105.31 105.08 106.22
Pivot Point 103.75 103.75 103.95 103.84 103.75
Support 1 (S1) 102.94 103.00 103.35 103.12 101.98
Support 2 (S2) 101.79 102.54 101.88 101.81
Support 3 (S3) 100.98 101.79 101.65
Support 4 (S4) 101.16