WESTLAKE CHEMICAL PARTNERS L (WLKP) Stock Technical Analysis
NYSE:WLKP - New York Stock Exchange, Inc. - US9604171036 - Currency: USD
Taking everything into account, WLKP scores 5 out of 10 in our technical rating. In the last year, WLKP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month WLKP has a been trading in the 23.40 - 25.04 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
WLKP is one of the better performing stocks in the Chemicals industry, it outperforms 77% of 85 stocks in the same industry.
When compared to the yearly performance of all other stocks, WLKP outperforms 67% of them, which is more or less in line with the market.
WLKP is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Volume is considerably higher in the last couple of days.
WLKP has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 23.38, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.84
25.15
4 important support areas can be observed.
- Support @23.38 from a trend line in the daily time frame.
- A support zone ranging from 22.30 to 23.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.73 from a horizontal line in the weekly time frame.
- A support zone ranging from 21.05 to 21.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 23.76 to 24.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.54 to 24.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.09
Mansfield0.01
10 Day High25.04
10 Day Low23.56
20 Day High25.04
20 Day Low23.4
52 Week High25.04
52 Week Low21.19
Performance
1 Week-2.21%
2 Weeks1.36%
1 Month-2.13%
3 Month-0.13%
6 Month7.28%
12 Month6.7%
2 Year8.5%
3 Year-11.82%
5 Year61.57%
10 Year-10.96%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)46.47
LBB23.36
UBB24.51
NYSE:WLKP (3/4/2025, 12:33:41 PM)
23.58
-0.3 (-1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.26%
1 Week-2.21%
2 Weeks1.36%
1 Month-2.13%
3 Month-0.13%
6 Month7.28%
12 Month6.7%
2 Year8.5%
3 Year-11.82%
5 Year61.57%
10 Year-10.96%
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%1.74%
ATR Inc-10.46%
Range Today0.23
ADR(20)0.39
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.09
Mansfield0.01
10 Day High25.04
10 Day Low23.56
20 Day High25.04
20 Day Low23.4
52 Week High25.04
52 Week Low21.19
CS1 End23.38
CR1 Start24.54
Volume & EV
DER(3)1.65%
DER(5)0.5%
Volume15.73K
Volume Incr113.82%
Vol(5)78.28K
Vol(50)43.29K