WRK - Westrock Company

Industry: Packaging & Containers Sector: Consumer Goods Exchange: NYSE

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE 0.09%
PRICE $43.15
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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Westrock Company Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Sell candidate since 2018-09-24 Loss -22.18%
Shorts 1.56% ( 2018-09-28 )
Cash 306.4 mill
Loans 6 610.4 mill
Beta 1.75
ROA 7.21

Westrock Company gained 0.09% in the last trading day, rising from $43.11 to $43.15 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 8 of the last 10 days and is down by -16.7% for this period. Volume fell in the last day by -0.49 million shares, and in total, 1.45 million shares bought and sold for approximately $62.73 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Westrock Company lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $42.03 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.91% during the next 3 months and, with 90% probability hold a price between $35.34 and $45.25 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Monday October 15, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Westrock Company holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $43.32 and $52.24. A break-up above any of these levels will issue buy signals.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 8 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Westrock Company finds support from accumulated volume at $43.11.

Support: $43.11 Price: $43.15 Resistance: $43.63

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.82 between high and low, or 1.93%. For the last week, the stock has had a daily average volatility of 2.26%.

Westrock Company is overbought on RSI14 (8). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Westrock Company holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Sell Candidate

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WRK $43.15 $0.04(0.09%)
WRK is up $0.04 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for WRK based on the 1-3 month system that more than doubles the S&P 500.

Click here – the WRK analysis is free »

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