Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
Westlake Chemical Partners LP

WLKP Technical Analysis Summary (NYSE)

Analyze WLKP on the NYSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

WLKP●NYSE
Basic MaterialsChemicals
$21.52
$0.05(0.23%)
U.S. Market opens in 36h 24m

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 (NYSE)

Westlake Chemical Partners LP (NYSE: WLKP) stock currently shows a neutral trend on the NYSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 42.17)
Trend Strength:Moderate (ADX: 20.70)
Volatility:Low (ATR: 0.39)
Support/Resistance:$21.38 – $21.99 (Bollinger Bands)

Technical conditions suggest Westlake Chemical Partners LP on the NYSE is awaiting a decisive move. This mix signals that Westlake Chemical Partners LP is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 42.17

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 23.53

Bearish
Momentum remains weak below midpoint.

Williams %R: -89.01

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -0.32

Neutral
Price change is minimal.

Takeaway:Westlake Chemical Partners LP shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.05

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 20.70

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.39

Low
Low volatility, stable price action.

CCI (14): -102.07

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Westlake Chemical Partners LP shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$21.99
Middle Band (SMA 20)
$21.68
Lower Band
$21.38
Current Position
Within Bands

Takeaway:Westlake Chemical Partners LP trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$22.48
Middle Line (EMA 20)
$21.70
Lower Channel
$20.92
Squeeze Status
Squeeze On

Takeaway:Westlake Chemical Partners LP trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-250.28K
Money Flow Index40.44Neutral, balanced money flows with no clear signal.
Relative Vigor Index42.88Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:WLKP shows balanced money flow with a slight bearish tilt.

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

Bullish Signals

ADX above 20 → strong underlying trend.

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

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Westlake Chemical Partners LP shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(NYSE: WLKP) Technical Analysis FAQ