Technical Analysis for WLK - Westlake Chemical Corporation

Grade Last Price % Change Price Change
grade D 71.19 -0.10% -0.07
WLK closed down 0.1 percent on Friday, January 17, 2020, on 75 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 Up Up Up
Historical WLK trend table...

Date Alert Name Type % Chg
Cup with Handle Other 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Cup with Handle Other -0.10%
Narrow Range Bar Range Contraction -0.10%
NR7 Range Contraction -0.10%
Stochastic Reached Overbought Strength -0.10%
BB Squeeze Ended Range Expansion -0.10%
Overbought Stochastic Strength -0.10%

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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

Indicators

Indicator Value
52 Week High 81.04
52 Week Low 55.82
Average Volume 445,889
200-Day Moving Average 66.14
50-Day Moving Average 69.85
20-Day Moving Average 69.35
10-Day Moving Average 69.23
Average True Range 1.59
ADX 12.82
+DI 24.33
-DI 13.14
Chandelier Exit (Long, 3 ATRs ) 67.07
Chandelier Exit (Short, 3 ATRs ) 71.33
Upper Bollinger Band 71.59
Lower Bollinger Band 67.12
Percent B (%b) 0.91
BandWidth 6.45
MACD Line 0.32
MACD Signal Line 0.06
MACD Histogram 0.2608
Fundamentals Value
Market Cap 9.18 Billion
Num Shares 129 Million
EPS 3.50
Price-to-Earnings (P/E) Ratio 20.34
Price-to-Sales 1.58
Price-to-Book 2.85
PEG Ratio 1.58
Dividend 0.84
Dividend Yield 1.18%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 72.71
Resistance 3 (R3) 72.76 72.30 72.45
Resistance 2 (R2) 72.30 71.92 72.28 72.37
Resistance 1 (R1) 71.75 71.68 71.52 71.70 72.28
Pivot Point 71.29 71.29 71.18 71.27 71.29
Support 1 (S1) 70.74 70.91 70.51 70.69 70.10
Support 2 (S2) 70.28 70.67 70.26 70.01
Support 3 (S3) 69.73 70.28 69.93
Support 4 (S4) 69.68