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Downtrend ExhaustionArchive - 4/5/2024 - Sign In to see current Signals. |
WestRock (WRK) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the WestRock (WRK). During the week, the WRK dropped -0.55 points, or -1.11%, and closed at 48.90 on Friday, April 5, 2024. It was the worst weekly loss since February 2, 2024. Weekly volume was -7% 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 uptrend resistance line (41.22) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 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 chart has formed a Rising Channel chart pattern. The uptrend support line (49.83) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend. Weekly Technical Indicators: [See WRK weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 48.47 on March 27, 2024. WRK lost 1.20 points, or 2.42%, in 1 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level. Daily Technical Indicators: [See WRK daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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