WESTLAKE CHEMICAL CORP stock forecast: down to 145.87 USD WLK stock price prognosis

STOCK

Forecast for Thu 23 May 2024 price 145.73

WESTLAKE CHEMICAL CORP stock price forecast for further price development down to -3.01% (time horizon: 1 day) and price target of 145.87 USD. Short-term (time horizon: 2 weeks) WESTLAKE CHEMICAL CORP share price prediction for 2024-05-23 with daily closed price projections

Key Facts

Symbol WLK 

ISIN US9604131022 

CUSIP 960413102


Currency USD


Category Industrial Organic Chemicals

Forecast price change %

Relative Strength Index (RSI)

Finance numbers

Revenue 7,929,000,000.0


Earnings per share 3.30


Dividends 1.07

On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

KGMembersrt:AffiliatedEntityMember2020-12-310001262823wlk:YNCORISGmbHCo. KGMembersrt:AffiliatedEntityMember2019-12-310001262823wlk:YNCORISGmbHCo. The operations of Westlake Partners are consolidated in our financial statements. We use this ethylene in the production processes of both our Vinyls and Olefins segments. During the third quarter of 2019, the LACC ethylene plant began commercial operations. The remainder of our PVC is sold to downstream fabricators and the international markets. The majority of our VCM is used internally in our PVC operations. We are the second-largest manufacturer of PVC pipe by capacity in North America. In addition, we rely on distributors to market products to smaller customers. We sell polyethylene to external customers as a final product in pellet form. We and OpCo sell ethylene and ethylene co-products to external customers. In some cases, compliance can be achieved only by incurring capital expenditures. We have manufacturing sites in North America, Europe and Asia. The first periodic reporting deadline under the mercury reporting rule was July 1, 2019. In this context, concepts such as the "best available technique" are being explored. These liabilities and costs may be material. In addition, we are exposed to volatility in interest rates. From May 1996 to July 2004, he served as our Vice Chairman. Mr. Chao has over 40 years of global experience in the chemical industry. Mr. Buesinger has been our Executive Vice President, Vinyl Products since July 2017. He began his career with Arthur Andersen LLP in 1998. In addition, we utilize EBITDA in evaluating acquisition targets. As a result, all of our idled plants recommenced production. As stated by IHS, "the caustic soda price listing represents the USGC-CSLi values. It is intended to serve only as a benchmark. Selling, General and Administrative Expenses. This decrease was mainly due to lower employee compensation and selling expenses. Sales volumes increased by 5% in 2019 as compared to 2018.Gross Profit. Income from operations decreased by $752 million in 2019, as compared to 2018. Capital expenditures were $787 million in 2019 compared to $702 million in 2018. As of December 31, 2020, we had no borrowings outstanding under the Credit Agreement. The Company received approximately $779 million of net proceeds from the offering. The excess of the purchase price over the estimated fair value is recorded as goodwill. Upon settlement of the liability, a gain or loss is recorded. The arrangement is scheduled to mature in 2026. The future cash flows were discounted to present value using a discount rate. The allowance for credit losses is reviewed quarterly. Cost is determined using the first-in, first-out ("FIFO") or average method. Repair and maintenance costs are charged to operations as incurred. Deferred turnaround costs are presented as a component of other assets, net. The Company elected to record GILTI tax as a period cost. Statement of operations items are translated at the average exchange rate for the year. These costs are recorded within selling, general and administrative expenses. 2014-09, Revenue from Contracts with Customers ("ASC 606"), effective January 1, 2018. Certain of the Company\'s leases provide for renewal and purchase options. Early adoption of this guidance is permitted. The acquisition is being accounted for under the acquisition method of accounting. Therefore, goodwill of $40 was recorded. The 4.375% 2047 Senior Notes are unse

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/1262823/000126282321000023/0001262823-21-000023.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 60.76/100
    • Good financial position.
    • Historical view, profit is growing.
    • Company revenue is not growing faster compared with the industry.
    • Stock price is above book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
A - BARCLAYS PLC 2023-06-30 50325
A - Atria Wealth Solutions, Inc. 2023-03-31 3670
A - OSAIC HOLDINGS, INC. 2023-06-30 24081
DnB Asset Management AS 2023-06-30 11394
METROPOLITAN LIFE INSURANCE CO/NY 2021-03-31 686

Fund ownership list is based on filling form information

Fund name Date Amount Profile
DFA INVESTMENT TRUST CO 2023-07-31 370962 Long
Pacer Funds Trust 2023-07-31 1158952 Long
Pacer Funds Trust 2023-07-31 5952 Long
Pacer Funds Trust 2023-07-31 5253 Long
Voya Equity Trust 2023-11-30 8529 Long

Insider trading for WESTLAKE CHEMICAL CORP

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1488587 Buesinger Robert F. 2024-03-15 SALE Reject Accept Accept Reject


Bollinger Bollinger Bands for WESTLAKE CHEMICAL CORP can provide the information where the market is moving based on price information.


WESTLAKE CHEMICAL CORP Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.



Converting prices to returns WESTLAKE CHEMICAL CORP.


On-Balance Volume information for WESTLAKE CHEMICAL CORP. On-Balance Volume information can be an indicator for bullish or bearish outcome.



Accumulation / Distribution (A/D) indicator information for WESTLAKE CHEMICAL CORP. The indicator identify divergences between price and volume flow.


Aroon Oscillator information for WESTLAKE CHEMICAL CORP. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.


Average Directional Index (ADX) information for WESTLAKE CHEMICAL CORP. The index can be used to identify the strengh of a trend.


Moving Average Convergence Divergence (MACD) for WESTLAKE CHEMICAL CORP. The indicator helps to predict trend direction and the momentum of the trend.


Stochastic Oscillator as momentum indicator for WESTLAKE CHEMICAL CORP. The indicator is useful for identifying overbought and oversold levels.


Relative Strength Index (RSI) for WESTLAKE CHEMICAL CORP. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].


Heikin Ashi trading signals are generated based on the Heikin Ashi candles, which are a type of candlestick that smooths out the price action and can help to identify trends. Heikin Ashi signals can be used to identify both long and short trading opportunities.


The awesome oscillator is a momentum indicator that measures the speed and strength of price movements. It is calculated by subtracting a 34-period simple moving average (SMA) from a 5-period SMA.


The Parabolic SAR indicator is a trend-following indicator that uses a series of dots to indicate when a trend is likely to reverse. The Parabolic SAR is a lagging indicator, meaning that it does not predict reversals, but rather confirms them after they have already occurred.


Moving Average Crossover


52W High 52W Low Market Cap

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WESTLAKE CHEMICAL CORP on finviz

Figure below show the stock predictions.
Date Closing price Prediction was updated
2024-05-22 145.87 2024-03-28 14:31
2024-05-23 145.73 2024-03-28 14:32
2024-05-20 146.16 2024-03-28 14:31
2024-05-21 146.03 2024-03-28 14:31
2024-05-10 147.07 2024-03-28 14:31
2024-05-13 146.91 2024-03-28 14:31
2024-05-14 146.77 2024-03-28 14:31
2024-04-01 151.85 2024-03-28 14:31
2024-04-02 151.64 2024-03-28 14:31
2024-04-03 151.41 2024-03-28 14:31
2024-04-12 150.49 2024-03-28 14:31
2024-05-07 147.54 2024-03-28 14:31
2024-05-08 147.38 2024-03-28 14:31
2024-04-25 148.83 2024-03-28 14:31
2024-04-05 151.25 2024-03-28 14:31
2024-04-16 149.73 2024-03-28 14:31
2024-04-17 149.86 2024-03-28 14:31
2024-04-18 149.64 2024-03-28 14:31
2024-05-15 146.61 2024-03-28 14:31
2024-04-26 148.66 2024-03-28 14:31
2024-04-08 150.65 2024-03-28 14:31
2024-04-09 150.71 2024-03-28 14:31
2024-04-10 150.63 2024-03-28 14:31
2024-04-15 149.90 2024-03-28 14:31
2024-04-11 150.34 2024-03-28 14:31
2024-04-24 149.03 2024-03-28 14:31
2024-04-04 151.34 2024-03-28 14:31
2024-05-16 146.48 2024-03-28 14:31
2024-04-19 149.54 2024-03-28 14:31
2024-04-22 149.26 2024-03-28 14:31
2024-04-23 149.05 2024-03-28 14:31
2024-05-03 147.83 2024-03-28 14:31
2024-05-06 147.70 2024-03-28 14:31
2024-05-09 147.26 2024-03-28 14:31
2024-04-29 148.52 2024-03-28 14:31
2024-04-30 148.32 2024-03-28 14:31
2024-05-01 148.19 2024-03-28 14:31
2024-05-02 148.05 2024-03-28 14:31
2024-05-17 146.32 2024-03-28 14:31

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.