2 Stocks Poised to Thrive in Volatile Times: Meritor (MTOR), Westlake Chemical Corporation (WLK)

The recent performance of Meritor (NYSE:MTOR) stock in the market spoke loud and clear to investors as MTOR saw more than 1.55M shares in trading volumes in the last trading session, way higher than the average trading volume of 1.55M shares by far recorded in the movement of Meritor (MTOR). At the time the stock opened at the value of $25.45, making it a high for the given period, the value of the stock dropped by -0.08%. After the decrease, MTOR touched a low price of $25.18, calling it a day with a closing price of $25.53, which means that the price of MTOR went 25.51 below the opening price on the mentioned day.

Given the most recent momentum in the market in the price movement of MTOR stock, some strong opinions on the matter of investing in the company’s stock started to take shape, which is how analysts are predicting an estimated price of $27.33 for MTOR within consensus. The estimated price would demand a set of gains in total of -8.6%, which goes higher than the most recent closing price, indicating that the stock is in for bullish trends. Other indicators are hinting that the stock could reach an outstanding figure in the market share, which is currently set at 75.87M in the public float and 2.00B US dollars in market capitalization.

Meritor (MTOR) Technical Analysis

When it comes to the technical analysis of MTOR stock, there are more than several important indicators on the company’s success in the market, one of those being the Relative Strength Indicator (RSI), which can show, just as Stochastic measures, what is going on with the value of the stock beneath the data. This value may also indicate that the stock will go sideways rather than up or down, also indicating that the price could stay where it is for quite some time. When it comes to Stochastic reading, MTOR stock are showing 56.96% in results, indicating that the stock is neither overbought or oversold at the moment, providing it with a neutral within Stochastic reading as well. Additionally, MTOR with the present state of 200 MA appear to be indicating bullish trends within the movement of the stock in the market. While other metrics within the technical analysis are due to provide an outline into the value of MTOR, the general sentiment in the market is inclined toward positive trends.

A Look At Westlake Chemical Corporation (NYSE:WLK)

With the previous 100-day trading volume average of 508882 shares, Westlake Chemical Corporation (WLK) recorded a trading volume of 429780 shares, as the stock started the trading session at the value of $68.92, in the end touching the price of $70.22 after jumping by 1.89%.

Westlake Chemical Corporation Earnings Surprise

Westlake Chemical Corporation (WLK) surprised the market during the previous quarter closure with the last reports recording $1.22, compared to the consensus estimation that went to $1.02. The records showing the total in revenues marked the cap of -8.38%, which means that the revenues decreased by -48.86% since the previous quarterly report.

Westlake Chemical Corporation (WLK) Intraday View

WLK stock seem to be going ahead the lowest price in the last 52 weeks with the latest change of 25.80%.Then price of WLK also went forward in oppose to its average movements recorded in the previous 20 days. The price volatility of WLK stock during the period of the last months recorded 2.20%, whilst it changed for the week, now showing 2.32% of volatility in the last seven days. The trading distance for this period is set at 1.45% and is presently away from its moving average by 0.85% in the last 50 days. During the period of the last 5 days, WLK stock gain around 2.93% of its value, now recording a sink by 6.20% reaching an average $66.13 in the period of the last 200 days.During the period of the last 12 months, Westlake Chemical Corporation (WLK) jumped by 0.10%.

Consensus Price Target for Westlake Chemical Corporation (WLK)

According to the Barchart’s scale, the company’s consensus rating was unchanged to 2.92 from 2.92, showing an overall improvement during the course of a single month. Based on the latest results, analysts are suggesting that the target price for WLK stock should be $70.22 per share in the course of the next 12 months. To achieve the target price as suggested by analysts, WLK should have a spike by 0% in oppose to its present value in the market. Additionally, the current price showcases a discount of 21.98% when compared to the high consensus price target predicted by analysts.

Westlake Chemical Corporation (WLK) Intraday Trading

WLK shares recorded a trading volume of 537295 shares, compared to the volume of 484.22K shares before the last close, presented as its trading average. With the approaching 2.32% during the last seven days, the volatility of WLK stock remained at 2.20%. During the last trading session, the lost value that WLK stock recorded was set at the price of $70.22, while the lowest value in the last 52 weeks was set at $55.82. The recovery of the stock in the market has notably added 25.80% of gains since its low value, also recording -1.89% in the period of the last 1 month.