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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 2024-11-04 View latest technical analysis

10 day averaged volume of Westlake Chemical is 393640

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	131.48	132.23	134.38	130.80	2.263 times
01 Fri Nov 2024	132.14	131.75	133.66	131.51	1.159 times
31 Thu Oct 2024	131.94	132.77	134.35	131.83	1.254 times
30 Wed Oct 2024	133.26	131.46	134.55	131.07	0.909 times
29 Tue Oct 2024	131.96	133.11	133.20	131.32	1.12 times
28 Mon Oct 2024	133.86	132.99	134.14	132.26	0.857 times
25 Fri Oct 2024	132.73	134.93	135.16	132.46	1.066 times
24 Thu Oct 2024	134.79	136.53	137.54	133.81	0.934 times
23 Wed Oct 2024	135.98	136.21	137.42	134.91	0.844 times
22 Tue Oct 2024	137.03	135.83	137.12	134.92	0.991 times

Stock of Westlake Chemical (WLK) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 133, but if it comes above 133, then a intra day buy could be more profitable.
If you take a sell trade below 133, then use 133 as stoploss and 127.4 as target. However if you take a buy trade in stock , then use 133 as stoploss and 137.67 as target.

Share price targets for Westlake Chemical (WLK)

Target Type	Value
Downside Target	129.98
Upside Target	138.59
Upside Target	139.24
Upside Target	139.38
Upside Target	141.82
Upside Target	144.57
Upside Target	146.77
Upside Target	150.85
Upside Target	151.56
Upside Target	151.86
Upside Target	153.34

Intraday share price targets for Westlake Chemical (WLK)

Target Type	Value
Downside Intraday Target	130.06
Downside Intraday Target	128.64
Upside Intraday Target	133.64
Upside Intraday Target	135.8
Upside Intraday Target	132.22

Weekly technical analysis of Westlake Chemical (WLK)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	131.48	132.23	134.38	130.80	0.427 times
01 Fri Nov 2024	132.14	132.99	134.55	131.07	1.127 times
25 Fri Oct 2024	132.73	139.21	139.24	132.46	0.888 times
18 Fri Oct 2024	139.34	143.30	144.57	138.59	1.191 times
11 Fri Oct 2024	144.20	145.97	146.77	141.82	0.727 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
04 Mon Nov 2024	131.48	131.75	134.38	130.80	0.147 times
31 Thu Oct 2024	131.94	150.23	150.85	131.07	0.875 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

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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 red color and prices are below the red cloud Prices appear to be coming down

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 but selling is losing 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 133.17 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 negative.

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