Technical Analysis for WLK - Westlake Chemical Corporation

Grade Last Price % Change Price Change
B 125.00 0.86% 1.07
WLK closed up 0.86 percent on Thursday, September 28, 2023, on 78 percent of normal volume.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Gapped Up Strength 0.86%
Oversold Stochastic Weakness 0.86%
Outside Day Range Expansion 2.60%
Gapped Down Weakness 2.60%
Oversold Stochastic Weakness 2.60%
Slingshot Bearish Bearish Swing Setup 1.77%
Stochastic Buy Signal Bullish 1.77%
Oversold Stochastic Weakness 1.77%
Spinning Top Other 3.31%

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Alert Time
20 DMA Resistance about 12 hours ago
Rose Above 20 DMA about 12 hours ago
Up 1% about 13 hours ago
60 Minute Opening Range Breakout about 13 hours ago
Rose Above Previous Day's High about 13 hours ago

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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.


Sector: Basic Materials
Industry: Specialty Chemicals
Keywords: Plastic Organic Compounds Chloride Commodity Chemicals Polymers Hydrogen Automotive Products Thermoplastic Chemical Process Polyethylene Dielectric Chemical Industry Durable Good Monomer 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


Indicator Value
52 Week High 138.0098
52 Week Low 83.8004
Average Volume 459,317
200-Day Moving Average 117.85
50-Day Moving Average 129.33
20-Day Moving Average 125.44
10-Day Moving Average 123.99
Average True Range 2.85
RSI (14) 47.37
ADX 17.89
+DI 19.98
-DI 24.38
Chandelier Exit (Long, 3 ATRs) 126.50
Chandelier Exit (Short, 3 ATRs) 128.83
Upper Bollinger Bands 131.33
Lower Bollinger Band 119.55
Percent B (%b) 0.46
BandWidth 9.39
MACD Line -1.62
MACD Signal Line -1.54
MACD Histogram -0.081
Fundamentals Value
Market Cap 15.97 Billion
Num Shares 128 Million
EPS 2.25
Price-to-Earnings (P/E) Ratio 55.56
Price-to-Sales 1.36
Price-to-Book 1.69
PEG Ratio 1.59
Dividend 1.08
Dividend Yield 0.86%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 129.31
Resistance 3 (R3) 129.07 127.41 128.59
Resistance 2 (R2) 127.41 126.31 127.52 128.35
Resistance 1 (R1) 126.20 125.63 126.81 126.44 128.11
Pivot Point 124.54 124.54 124.84 124.65 124.54
Support 1 (S1) 123.33 123.44 123.94 123.57 121.89
Support 2 (S2) 121.67 122.76 121.78 121.65
Support 3 (S3) 120.46 121.67 121.41
Support 4 (S4) 120.70