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

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

Westlake Chemical trades in USA in Basic Industries sector.

10 day averaged volume of Westlake Chemical is 130749

Date Daily Closing Price Open High Low Volume
24 Fri May 2024 22.54 22.30 22.61 22.26 0.223 times
23 Thu May 2024 22.35 22.34 22.35 22.10 0.294 times
22 Wed May 2024 22.34 22.15 22.35 22.15 0.221 times
21 Tue May 2024 22.35 22.25 22.39 22.10 0.172 times
20 Mon May 2024 22.25 22.29 22.37 22.19 0.173 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 22.6, for a target of 22.4 or 22.21

Share price targets for Westlake Chemical (WLKP)

Target Type Value
Downside Target 21.60
Downside Target 22.46
Downside Target 22.48
Upside Target 22.58
Upside Target 22.61
Upside Target 22.70
Upside Target 23.01
Upside Target 23.62
Upside Target 23.68

Intraday share price targets for Westlake Chemical (WLKP)

Target Type Value
Downside Intraday Target 22.22
Downside Intraday Target 21.91
Upside Intraday Target 22.73
Upside Intraday Target 22.93
Downside Intraday Target 22.42

Weekly technical analysis of Westlake Chemical (WLKP)

Date Weekly Closing Price Open High Low Volume
24 Fri May 2024 22.54 22.29 22.61 22.10 0.121 times
17 Fri May 2024 22.29 22.40 22.48 22.14 0.356 times
10 Fri May 2024 22.40 22.08 22.70 21.69 30.396 times
03 Fri May 2024 22.10 21.90 22.46 21.75 1.35 times
26 Fri Apr 2024 21.92 21.70 22.07 21.70 0.605 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 (WLKP)

Date Monthly Closing Price Open High Low Volume
24 Fri May 2024 22.54 21.91 22.70 21.69 9.532 times
30 Tue Apr 2024 21.86 22.11 22.58 21.70 1.178 times
28 Thu Mar 2024 22.20 22.47 23.01 21.75 0.567 times
29 Thu Feb 2024 22.24 22.86 23.62 21.75 1.141 times

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Westlake Chemical (WLKP)

Indicator Name Indicator Value Indicator Signal
ADX 23, 16, 17 Buy
MACD 0, 0Buy
Stochastics 84Buy
CCI 257Buy
RSI 55Buy
OBV 35769Sell
VWAP 22Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Westlake Chemical ( (WLKP) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Westlake Chemical ( (WLKP) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Westlake Chemical ( (WLKP) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Westlake Chemical ( (WLKP) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Westlake Chemical Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 22.23 and Westlake Chemical (WLKP) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

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