WRK declines to lowest close since August 24, 2017
Westrock Co (WRK) Technical Analysis Report for Aug 10, 2018
Moving lower for the 3rd day in a row, WRK finished the week -1.47% lower at 55.00 after losing $0.56 (-1.01%) today. Today's closing price of 55.00 marks the lowest close since August 24, 2017. Closing below Thursday's low at 55.45, Westrock Co confirms its breakout through the previous session's low having traded $0.87 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (WRK as at Aug 10, 2018):
Friday's trading range was $0.83 (1.5%), that's slightly below last trading month's daily average range of $1.08. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being above average.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.