Technical Analysis for WLK - Westlake Chemical Corporation

Grade Last Price % Change Price Change
D 143.32 -1.04% -1.50
WLK closed down 1.04 percent on Monday, July 1, 2024, on 82 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Cup with Handle Other 0.00%
Down 3 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Cup with Handle Other -1.04%
Oversold Stochastic Weakness -1.04%
Slingshot Bearish Bearish Swing Setup -1.84%
Cup with Handle Other -1.84%
Stochastic Reached Oversold Weakness -1.84%
Gapped Up Strength -1.84%

   Recent Intraday Alerts

Alert Time
Fell Below Lower Bollinger Band about 8 hours ago
Down 1% about 8 hours ago
Lower Bollinger Band Support about 9 hours ago
60 Minute Opening Range Breakdown about 9 hours ago
Fell Below Previous Day's Low about 10 hours ago

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

Indicators

Indicator Value
52 Week High 162.1248
52 Week Low 111.5729
Average Volume 476,992
200-Day Moving Average 138.74
50-Day Moving Average 152.77
20-Day Moving Average 150.50
10-Day Moving Average 147.71
Average True Range 3.65
RSI (14) 32.89
ADX 24.1
+DI 11.89
-DI 28.09
Chandelier Exit (Long, 3 ATRs) 150.30
Chandelier Exit (Short, 3 ATRs) 153.55
Upper Bollinger Bands 157.82
Lower Bollinger Band 143.19
Percent B (%b) 0.01
BandWidth 9.72
MACD Line -2.59
MACD Signal Line -1.77
MACD Histogram -0.8215
Fundamentals Value
Market Cap 18.37 Billion
Num Shares 128 Million
EPS 9.37
Price-to-Earnings (P/E) Ratio 15.30
Price-to-Sales 1.41
Price-to-Book 1.69
PEG Ratio 1.59
Dividend 0.36
Dividend Yield 0.25%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 150.09
Resistance 3 (R3) 150.60 148.86 148.96
Resistance 2 (R2) 148.86 147.13 148.60 148.58
Resistance 1 (R1) 146.09 146.07 145.22 145.58 148.21
Pivot Point 144.35 144.35 143.91 144.09 144.35
Support 1 (S1) 141.58 142.62 140.71 141.06 138.43
Support 2 (S2) 139.83 141.56 139.58 138.06
Support 3 (S3) 137.07 139.83 137.68
Support 4 (S4) 136.55