WRK declines to lowest close since August 24, 2017


Westrock Co (WRK) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
WRK closes lower for the 3rd day in a row
WRK breaks below previous session low
WRK falls to lowest close since August 24, 2017
WRK ends the day indecisive
TQ Sentiment
Report Sentiment: 25% Bearish
Technical Forecast:
Overview

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 chart for WRK
Volatility

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.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Westrock Co
Condition Forecast Direction Win Avg Worst Best Events
Close to S1 Support TQ Pro Members Only
Close to Swing High TQ Pro Members Only
High close to previous High TQ Pro Members Only
Close near low of period TQ Pro Members Only
Bearish Spinning Top TQ Pro Members Only
More market conditions identified for TQ Pro members...
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