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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 651910

Date Daily Closing Price Open High Low Volume
21 Wed Apr 2021 95.78 92.31 95.82 92.16 0.69 times
20 Tue Apr 2021 92.88 95.17 95.31 91.68 0.736 times
19 Mon Apr 2021 95.52 95.90 96.85 94.82 0.812 times
16 Fri Apr 2021 95.70 96.59 97.80 95.15 0.603 times
15 Thu Apr 2021 94.93 94.17 95.42 92.71 0.709 times
14 Wed Apr 2021 93.71 92.32 94.69 91.80 0.566 times
13 Tue Apr 2021 91.55 91.02 92.17 89.13 1.64 times
12 Mon Apr 2021 91.59 91.64 92.73 90.85 1.35 times
09 Fri Apr 2021 89.45 88.98 89.59 88.21 1.173 times
08 Thu Apr 2021 88.50 89.68 89.72 87.20 1.271 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 93.9, but if it comes below 93.9, then a intra day sell could be more profitable.
If you take a sell trade below 93.9, then use 93.9 as stoploss and 91.16 as target. However if you take a buy trade in stock , then use 93.9 as stoploss and 97.2 as target.

Share price targets for Westlake Chemical (WLK)

Target Type Value
Downside Target 74.42
Downside Target 76.39
Downside Target 83.82
Downside Target 87.20
Downside Target 91.68
Downside Target 91.83
Downside Target 92.57
Downside Target 92.62
Upside Target 96.85
Upside Target 97.26
Upside Target 97.80

Intraday share price targets for Westlake Chemical (WLK)

Target Type Value
Downside Intraday Target 92.69
Downside Intraday Target 89.6
Upside Intraday Target 97.86
Upside Intraday Target 99.94
Downside Intraday Target 94.77

Weekly technical analysis of Westlake Chemical (WLK)

Date Weekly Closing Price Open High Low Volume
21 Wed Apr 2021 95.78 95.90 96.85 91.68 0.46 times
16 Fri Apr 2021 95.70 91.64 97.80 89.13 0.989 times
09 Fri Apr 2021 89.45 92.51 92.62 87.20 1.203 times
01 Thu Apr 2021 91.55 88.40 91.56 87.86 0.481 times
26 Fri Mar 2021 89.02 92.37 92.57 84.56 1.462 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
21 Wed Apr 2021 95.78 89.85 97.80 87.20 0.377 times
31 Wed Mar 2021 88.79 87.23 97.26 83.82 2.115 times
26 Fri Feb 2021 85.59 77.80 90.36 77.66 1.683 times
29 Fri Jan 2021 76.46 83.16 91.83 74.42 1.025 times

Scroll below to view daily charts

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 25, 24, 3 Buy
MACD 3, 2Buy
Stochastics 71Buy
CCI 55Buy
RSI 55Buy
OBV 1715800Sell
VWAP 92Buy
ADL 0Sell
ROC 7Buy
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 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 92.28 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.

Daily charts

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