Technical Analysis for WLK - Westlake Chemical Corporation

Grade Last Price % Change Price Change
F 127.91 0.76% 0.96
WLK closed up 0.76 percent on Wednesday, November 20, 2024, on 69 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Oversold Stochastic Weakness 0.00%
Gapped Down Weakness 0.76%
Oversold Stochastic Weakness 0.76%
NR7 Range Contraction 0.68%
NR7-2 Range Contraction 0.68%
Narrow Range Bar Range Contraction 0.68%
Oversold Stochastic Weakness 0.68%
NR7 Range Contraction 0.99%
Lower Bollinger Band Walk Weakness 0.99%

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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 161.5459
52 Week Low 117.4081
Average Volume 482,438
200-Day Moving Average 144.81
50-Day Moving Average 138.64
20-Day Moving Average 131.09
10-Day Moving Average 129.00
Average True Range 3.01
RSI (14) 35.90
ADX 37.63
+DI 12.46
-DI 33.26
Chandelier Exit (Long, 3 ATRs) 130.57
Chandelier Exit (Short, 3 ATRs) 134.30
Upper Bollinger Bands 137.45
Lower Bollinger Band 124.74
Percent B (%b) 0.25
BandWidth 9.70
MACD Line -3.30
MACD Signal Line -3.16
MACD Histogram -0.1414
Fundamentals Value
Market Cap 16.39 Billion
Num Shares 128 Million
EPS 9.37
Price-to-Earnings (P/E) Ratio 13.65
Price-to-Sales 1.41
Price-to-Book 1.69
PEG Ratio 1.59
Dividend 0.36
Dividend Yield 0.28%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 130.82
Resistance 3 (R3) 130.55 129.30 130.34
Resistance 2 (R2) 129.30 128.56 129.44 130.17
Resistance 1 (R1) 128.61 128.10 128.96 128.88 130.01
Pivot Point 127.36 127.36 127.54 127.50 127.36
Support 1 (S1) 126.67 126.62 127.02 126.94 125.81
Support 2 (S2) 125.42 126.16 125.56 125.65
Support 3 (S3) 124.73 125.42 125.49
Support 4 (S4) 125.00