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Westlake Chemical Partners LP

WLKP•NYSE
Basic Materials
Chemicals
$23.05
$0.19(0.83%)
U.S. Market opens in 7h 23m

Westlake Chemical Partners LP (WLKP) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Westlake Chemical Partners LP (NYSE:WLKP).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

WLKP Technical Analysis Summary

Westlake Chemical Partners LP stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 61.47)
Trend Strength:Weak (ADX: 19.67)
Volatility:Medium (ATR: 0.47)
Support/Resistance:$22.08 – $22.92 (Bollinger Bands)

Technical conditions suggest Westlake Chemical Partners LP is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 61.47

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 77.97

Bullish
Buying momentum building without extremes.

Williams %R: -41.66

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 0.71

Neutral
Price change is minimal.

Takeaway:Westlake Chemical Partners LP shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: 0.15

Bullish
Bullish, trend momentum is strengthening.

ADX: 19.67

Weak
Weak trend, market trading sideways.

ATR (14): 0.47

Low
Low volatility, stable price action.

CCI (14): 181.89

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Westlake Chemical Partners LP shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$22.92
Middle Band (SMA 20)
$22.50
Lower Band
$22.08
Current Position
Above Upper Band

Takeaway:Westlake Chemical Partners LP trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$23.45
Middle Line (EMA 20)
$22.51
Lower Channel
$21.56
Squeeze Status
Squeeze On

Takeaway:Westlake Chemical Partners LP trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-46.79K
Money Flow Index52.42Neutral, balanced money flows with no clear signal.
Relative Vigor Index49.54Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:WLKP shows balanced money flow with a slight bullish bias.

Technical Trading Signals Summary
Based on the current technical analysis of Westlake Chemical Partners LP, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Westlake Chemical Partners LP are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ