Technical Analysis for WLK - Westlake Chemical Corporation

Grade Last Price % Change Price Change
grade B 73.75 -1.27% -0.95
WLK closed down 1.27 percent on Monday, November 11, 2019, 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. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Up
See historical WLK trend table...

Date Alert Name Type % Chg
New Uptrend Bullish 0.00%
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Calm After Storm Range Contraction -1.27%
Upper Bollinger Band Walk Strength -1.27%
Overbought Stochastic Strength -1.27%
Upper Bollinger Band Touch Strength -1.27%

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.
Chemistry Physical Sciences Organic Compounds Commodity Chemicals Automotive Products Chemical Industry Dielectrics Thermoplastics Hazardous Air Pollutants Monomers Basic Chemicals Construction Contractors Ethylene Ethylene Co Products Vinyl Chloride
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: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 81.04
52 Week Low 55.82
Average Volume 547,573
200-Day Moving Average 66.7337
50-Day Moving Average 64.2544
20-Day Moving Average 66.1885
10-Day Moving Average 69.858
Average True Range 2.4019
ADX 26.2
+DI 38.4725
-DI 13.1716
Chandelier Exit (Long, 3 ATRs ) 68.44430000000001
Chandelier Exit (Short, 3 ATRs ) 67.4057
Upper Bollinger Band 76.1395
Lower Bollinger Band 56.2375
Percent B (%b) 0.88
BandWidth 30.068668
MACD Line 3.0622
MACD Signal Line 1.8944
MACD Histogram 1.1678
Fundamentals Value
Market Cap 9.51 Billion
Num Shares 129 Million
EPS 3.50
Price-to-Earnings (P/E) Ratio 21.07
Price-to-Sales 1.58
Price-to-Book 2.85
PEG Ratio 1.58
Dividend 0.84
Dividend Yield 1.14%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 75.64
Resistance 3 (R3) 75.65 75.02 75.33
Resistance 2 (R2) 75.02 74.54 75.02 75.22
Resistance 1 (R1) 74.39 74.24 74.08 74.38 75.11
Pivot Point 73.76 73.76 73.61 73.76 73.76
Support 1 (S1) 73.13 73.28 72.82 73.12 72.39
Support 2 (S2) 72.50 72.98 72.50 72.28
Support 3 (S3) 71.87 72.50 72.18
Support 4 (S4) 71.86