Tue 14'th Aug 2018
Westrock Company Stock Analysis
Technical stock analysis for Tue 14'th Aug 2018
|Shorts||1.55% ( 2018-07-31 )|
|Loans||13 165.2 mill|
Westrock Company gained 2.18% in the last trading day, rising from $54.71 to $55.90 The price has fallen in 6 of the last 10 days and is down by -3.59% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.44 million more shares were traded than the day before. In total, 2.39 million shares bought and sold for approximately $133.69 million.
Westrock Company lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.56% during the next 3 months and, with 90% probability hold a price between $48.65 and $52.07 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday August 13, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Westrock Company holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $56.89. On a fall, the stock will find some support from the short-term average at $55.76. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Westrock Company finds support from accumulated volume at $55.82.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.25 (2.29%) between high and low. For the last week, the stock has had a daily average volatility of 1.81%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Westrock Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.Click for Top 5 Sell Candidates
|WRK $55.90 $1.19(2.18%)|
WRK is up $1.19 today, but where's it headed in September?
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