RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Westrock Company stock downgraded to Hold/Accumulate
(Updated on Feb 27, 2024)


Buy or Hold candidate since Feb 08, 2024 Gain 4.32% PDF
The Westrock Company stock price gained 2.17% on the last trading day (Tuesday, 27th Feb 2024), rising from $43.72 to $44.67. During the last trading day the stock fluctuated 1.88% from a day low at $43.93 to a day high of $44.76. The price has risen in 6 of the last 10 days and is up by 4.71% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $94.73 million.

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The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $44.32, a level that may pose a second chance to hit a runner. According to fan-theory $49.95 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

WRK Signals & Forecast

The Westrock Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $43.93 and $41.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 06, 2024, and so far it has risen 16.42%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

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Support, Risk & Stop-loss for Westrock Company stock

On the downside, the stock finds support just below today's level from accumulated volume at $41.91 and $41.75. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Westrock Company finds support just below today's level at $41.91. If this is broken, then the next support from accumulated volume will be at $41.75 and $38.41.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.83 between high and low, or 1.88%. For the last week, the stock has had daily average volatility of 1.28%.

The Westrock Company stock is extremely overbought on RSI14 (89). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $43.22 (-3.25%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (WRK) For The Upcoming Trading Day Of Wednesday 28th

For the upcoming trading day on Wednesday, 28th we expect Westrock Company to open at $44.45, and during the day (based on 14 day Average True Range), to move between $43.86 and $45.48, which gives a possible trading interval of +/-$0.81 (+/-1.82%) up or down from last closing price. If Westrock Company takes out the full calculated possible swing range there will be an estimated 3.64% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $41.91, some $2.76 (6.18%) from the current price of $44.67, our system finds the risk reward attractive.

Is Westrock Company stock A Buy?

Westrock Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Open Broker Account

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Hold/Accumulate Downgraded

Predicted Opening Price for Westrock Company of Wednesday, February 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price February 28, 2024 Current price
$44.45 ( 0.489%) $44.67

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 45.28 1.36 %
R2 44.96 0.653 %
R1 44.77 0.217 %
Current price: 44.67
Support S1 44.14 -1.19 %
S2 43.94 -1.63 %
S3 43.63 -2.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 44.67
Support S1 41.91 -6.18%
S2 41.75 -6.54%
S3 38.41 -14.01%
What is the symbol for Westrock Company Stock and on which exchange is it traded?
The symbol for Westrock Company is WRK and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Westrock Company Stock?
Westrock Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Westrock Company Stock?
Westrock Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Westrock Company Stock.

What's the current price of Westrock Company Stock?
As of the end of day on the 2024-02-27, the price of an Westrock Company (WRK) share was $44.67.

What is the 52-week high and low for Westrock Company Stock?
The 52-week high for Westrock Company Stock is $44.76 and the 52-week low is $26.84.

What is the market capitalization of Westrock Company Stock?
As of the 2024-02-27, the market capitalization of Westrock Company is 11.235B.

When is the next earnings date for Westrock Company?
The upcoming earnings date for Westrock Company is May 02, 2024.

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About Westrock Company

Westrock Company WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through two segments, Corrugated Packaging and Consumer Packaging. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacture... WRK Profile

WRK Dividend Data

3.25%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Frequency Quarterly
Amount Per Share $0.303
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