Westlake Corporation | WLK

Daily Technical Analysis of Westlake Corporation

Westlake is up a bit on the day, funds flowing in kept the price up 2.03% since yesterday. It looks like WLK may be interacting with a downward sloping Support line. It may find or support at this level or it's momentum can continue downward. It's definitely important to take into account the directional momentum, so let's be honest Westlake has looked terrible. Buyers haven't seemed that interested, sellers keep dumping, there's been a lot of better places to put your money. It doesn't make me feel that optimistic about getting a solid bounce off of a line like this. If you do get one, I'd move your stop losses up with it. Owners of the Chemicals company have lost -33.54 percent over the last year. If the price moves back up it'll probably hit pockets of sellers who want to break even and exit the position.

If the price bounces off of the support and moves up it'll probably head up to the $106.5 level, at which point it may hit some selling pressure. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Westlake By Price Target And Rating

The analysts are pretty neutral on Westlake right now, so not much useful information here. The current Analysts Sentiment Score is 3.59. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Piper Sandler gave a boost to their price target and moved to $180.00 from $160.00 on 2024-05-07. Royal Bank of Canada gave a boost to their price target and moved to $153.00 from $134.00 on 2024-04-19. On 2024-04-18 there was an upgrade provided by Deutsche Bank Aktiengesel from Hold to Buy and moved up their price target to $174.00 which is a 26.09% increase. Bank of America announced an upgrade on 2024-04-18 from Hold to Buy and moved up their price target to $174.00 which is a 26.09% increase. On 2024-04-10 Citigroup increased their price target by 15.71% to $162.00. On 2024-04-08 there was a downgrade announced by Vertical Research from Buy to Hold and added a price target of $154.00. On 2024-04-04 Barclays increased their price target by 12.68% to $160.00. Wells Fargo & Company boosted their price targ by 20% to $180.00 on 2024-04-03. On 2024-01-11 UBS Group increased their price target by 4.32% to $145.00. Tudor, Pickering, Holt &a announced an upgrade on 2024-01-02 from Sell to Hold.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Westlake

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Westlake

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.