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Uptrend Broken SupportArchive
- 4/19/2024 -
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WestRock (WRK) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | During the week, the WRK has not change and closed at 47.99 on Friday, April 19, 2024. Weekly volume was -26% below average.
WRK is a member of Materials Sector. Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See WRK long-term trend chart]
A long-term uptrend had started on March 17, 2023 at 26.84 and reached 49.67 on March 26, 2024. WRK gained -22.83 points, or -85.06%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 41.99 and resistance is at 48.84. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See WRK medium-term trend chart]
A medium-term uptrend had started on February 6, 2024 at 38.30 and reached 49.67 on March 26, 2024. WRK gained -11.37 points, or -29.69%, in 7 weeks. The price is now at the 14.78% retracement level.
 Weekly Technical Indicators: [See WRK weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 16, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See WRK short-term trend chart]
A short-term downtrend had started on March 26, 2024 at 49.67 and reached 46.81 on April 16, 2024. WRK lost 2.86 points, or 5.76%, in 21 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (47.65) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
 Daily Technical Indicators: [See WRK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 28, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Materials |
10 |
| Industry |
Paper Packaging |
60 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
47.37 |
| Low Date |
04/18/2024 |
| High |
48.38 |
| High Date |
04/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
47.83 |
| Support |
47.65 |
| High |
49.67 |
| High Date |
03/26/2024 |
| Low |
46.81 |
| Low Date |
04/16/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
38.30 |
| Low Date |
02/06/2024 |
| High |
49.67 |
| High Date |
03/26/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
48.84 |
| Support |
41.99 |
| Low |
26.84 |
| Low Date |
03/17/2023 |
| High |
49.67 |
| High Date |
03/26/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
57.67 |
| High Date |
06/14/2021 |
| Low |
26.84 |
| Low Date |
03/17/2023 |
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