Angle PVC buyer checks point to firming resin prices just as Westlake’s margin expansion thesis is starting to show up.
Close sits about 1.8% below the 20-EMA with EMA20 below slower moving averages, so trend structure remains heavy even as ADX stays elevated. Momentum lanes favor the hold: RSI is 40.3 with weekly RSI near 31.8, MACD is above signal with a positive histogram that is rolling up, and stochastics (%K 37, %D 32) are lifting from depressed levels. Bollinger %B at 0.41 and bandwidth near 16% point to a move off lower-band compression rather than an overbought stretch, while weekly MACD histogram is still negative but rising with price below the weekly SMA50—consistent with the PVC resin firming and margin-expansion thesis after the intended oversold washout.
Triangulation
Indicators as of Oct 15, 2026 12:15 PM PT
| Trend | CAUTION | EMA20<SMA50<SMA200 · ADX 33.3 strong · -1.6% vs EMA20 · close<EMA20 · -DI > +DI |
| Momentum | HOLD | RSI 41.0 · RSIw 31.8 · MACD rolling up · hist 0.26 · MACD>signal |
| Stochastics | HOLD | %K/37 · %D/32 |
| Bollinger | HOLD | %B 0.43 · BW 16.2% · ATR 3.4% |
| Weekly | WATCHING | RSIw 31.8 · RSI<RSI-SMA · hist -1.21 · hist rising · close<SMA50 |
| Price action | WATCHING | 20d 26% · 52w 9% · lower highs (3) |
| Volume | HOLD | 0.89x avg · OBV ↑ |
| Position | CAUTION | PnL -18.36% · peak +3.51% · dd -24.53% · 51d held |
