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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.

Showing technical analysis as on 2024-10-16 View latest technical analysis

10 day averaged volume of Westlake Chemical is 373920

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	142.13	142.74	143.94	141.88	1.144 times
15 Tue Oct 2024	141.80	143.10	144.57	141.72	0.853 times
14 Mon Oct 2024	144.15	143.30	144.33	143.06	1.019 times
11 Fri Oct 2024	144.20	143.01	144.95	142.52	0.618 times
10 Thu Oct 2024	143.61	143.10	144.61	142.73	1.009 times
09 Wed Oct 2024	144.07	142.16	144.21	141.82	0.936 times
08 Tue Oct 2024	142.15	143.81	144.66	141.82	1.111 times
07 Mon Oct 2024	145.52	145.97	146.77	145.14	1.002 times
04 Fri Oct 2024	147.80	148.54	149.34	146.13	1.312 times
03 Thu Oct 2024	146.56	146.37	148.43	144.95	1.182 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 143.3, but if it comes above 143.3, then a intra day buy could be more profitable.
If you take a sell trade below 143.3, then use 143.3 as stoploss and 140.1 as target. However if you take a buy trade in stock , then use 143.3 as stoploss and 145.88 as target.

Share price targets for Westlake Chemical (WLK)

Target Type	Value
Downside Target	129.98
Downside Target	132.80
Downside Target	139.38
Upside Target	147.49
Upside Target	150.85
Upside Target	151.23
Upside Target	151.56
Upside Target	151.86
Upside Target	153.34
Upside Target	160.96

Intraday share price targets for Westlake Chemical (WLK)

Target Type	Value
Downside Intraday Target	141.04
Downside Intraday Target	139.96
Upside Intraday Target	143.89
Upside Intraday Target	145.66
Upside Intraday Target	142.81

Weekly technical analysis of Westlake Chemical (WLK)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	142.13	143.30	144.57	141.72	0.645 times
11 Fri Oct 2024	144.20	145.97	146.77	141.82	0.727 times
04 Fri Oct 2024	147.80	150.62	151.23	144.95	1.346 times
27 Fri Sep 2024	150.09	144.88	151.56	143.35	0.532 times
20 Fri Sep 2024	144.28	139.64	147.49	139.46	1.316 times

Price has moved down 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
16 Wed Oct 2024	142.13	150.23	150.85	141.72	0.451 times
30 Mon Sep 2024	150.29	143.53	151.56	132.80	1.073 times
30 Fri Aug 2024	145.44	147.71	153.34	129.98	1.025 times
31 Wed Jul 2024	147.86	145.37	151.86	139.38	0.793 times

Scroll below to view daily charts

Price has moved down 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)

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Westlake Chemical ( (WLK) ) based on a short to mid 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.

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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Westlake Chemical in short term and the sell signal is strong.

Westlake Chemical Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Westlake Chemical in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 144.34 and Westlake Chemical (WLK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.