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(WLK) Westlake Chemical complete technical analysis [charts+indicators] | Buy/Sell Westlake Chemical | (WLK) share price targets

Complete technical analysis of Westlake Chemical (WLK) by charts plus indicators, forecast predictions and share price targets for Westlake Chemical (WLK)

Westlake Chemical trades in USA in Basic Industries sector.

10 day averaged volume of Westlake Chemical is 378875

Date Daily Closing Price Open High Low Volume
24 Fri May 2024 158.56 157.78 158.85 157.43 0.617 times
23 Thu May 2024 156.70 157.65 157.76 155.42 0.906 times
22 Wed May 2024 157.24 159.16 159.16 156.23 1.32 times
21 Tue May 2024 160.58 159.75 160.72 158.66 1.313 times
20 Mon May 2024 160.23 157.25 161.25 157.25 1.46 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 158.9 as stoploss in an intra day sell trade for a target of 155.26. However, stock will show a bullish move above 158.9.

Share price targets for Westlake Chemical (WLK)

Target Type Value
Downside Target 118.64
Downside Target 132.20
Downside Target 136.36
Downside Target 142.62
Downside Target 151.09
Downside Target 155.42
Downside Target 155.85
Upside Target 158.58
Upside Target 159.35
Upside Target 161.25
Upside Target 162.64

Intraday share price targets for Westlake Chemical (WLK)

Target Type Value
Downside Intraday Target 155.57
Downside Intraday Target 152.58
Upside Intraday Target 161.4
Upside Intraday Target 164.24
Downside Intraday Target 158.41

Weekly technical analysis of Westlake Chemical (WLK)

Date Weekly Closing Price Open High Low Volume
24 Fri May 2024 158.56 157.25 161.25 155.42 1.281 times
17 Fri May 2024 157.83 158.74 159.35 155.03 0.714 times
10 Fri May 2024 158.15 153.79 158.58 152.07 0.874 times
03 Fri May 2024 152.25 151.09 155.85 144.27 1.297 times
26 Fri Apr 2024 149.55 150.43 151.09 146.62 0.859 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Westlake Chemical (WLK)

Date Monthly Closing Price Open High Low Volume
24 Fri May 2024 158.56 150.06 161.25 144.27 0.793 times
30 Tue Apr 2024 147.36 152.91 162.64 146.62 1.281 times
28 Thu Mar 2024 152.80 138.60 153.14 136.36 0.893 times
29 Thu Feb 2024 138.71 139.13 145.98 118.64 1.421 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Westlake Chemical (WLK)

Indicator Name Indicator Value Indicator Signal
ADX 24, 14, 25 Buy
MACD 4, 4Buy
Stochastics 40None
CCI 46Buy
RSI 51Buy
OBV 3126636Sell
VWAP 158Buy
ADL 0Sell
ROC 0Buy
Force Index 0Sell

Price action analysis of Westlake Chemical ( (WLK) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Westlake Chemical ( (WLK) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Westlake Chemical ( (WLK) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Westlake Chemical ( (WLK) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Westlake Chemical stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Westlake Chemical in short term and the buy signal is strong.

Westlake Chemical Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Westlake Chemical in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Westlake Chemical is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 157.8 and Westlake Chemical (WLK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Westlake Chemical (WLK) stock. Volume based technical analysis of Westlake Chemical (WLK) stock is negative.

Westlake Chemical Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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