Question 1

What implications does the 10-day RSI indicator have for WLK?

Accepted Answer

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where WLK's RSI Oscillator exited the oversold zone, 16 of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 0%.

Question 2

What does the Stochastic Oscillator suggest about WLK's trend?

Accepted Answer

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Question 3

How did WLK's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 15, 2024. You may want to consider a long position or call options on WLK as a result. In 56 of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for WLK?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for WLK just turned positive on August 08, 2024. Looking at past instances where WLK's MACD turned positive, the stock continued to rise in 35 of 46 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What is the significance of the 50-day moving average indicator for WLK?

Accepted Answer

WLK moved above its 50-day moving average on August 15, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 6

What does a 3-day decline signify for WLK's future price movement?

Accepted Answer

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where WLK declined for three days, in 187 of 280 cases, the price declined further within the following month. The odds of a continued downward trend are 67%.

Question 7

What does WLK breaking above its upper Bollinger Band indicate?

Accepted Answer

WLK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

WLK Stock Westlake (WLK, $152.25) price may drop as it broke higher Bollinger Band on May 03, 2024

WLK in -2.87% downward trend, declining for three consecutive days on August 12, 2024

General Information