Quaker Chemical Corporation (KWR)

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Our View

Quaker Chemical Corporation is a chemical company that makes a variety of products. It specializes in manufacturing process fluids used in mining, automotive, aluminum, steel, and other metal-based industries. The company also makes lubricants and other chemicals for the construction and aerospace industries. It has a diversified customer base, with more than 50% of revenues from outside the US. Quaker is a leader in the industrial process fluids and chemicals segments. It has steady margins and will continue to grow longer-term as the global and US economies rebound from the pandemic.
The long-term monthly chart for Quaker Chemical Corporation shows a steady uptrend with a major pullback in 2019 and early 2020 that saw the price test the bottom of the long-term trend. The price broke the trendline briefly before trending back up. Since the pandemic-driven crash of March 2020, the price has risen almost 3X, peaking at $300. The $225 level is an important area of value as it acted as resistance in 2019 and is now supporting the price that fell 25% from its $300 peak. A reversal is in play now, and the likely target appears to be $288 and then $300. A stop-loss can be placed below the support level at around $218.

Position entered into our long-term tracking portfolio today. The entry point is at $246.19, and stop-loss is $216.12, 12% below the entry point. The short-term to medium-term take profit at the top of the trend is set at $282.35, giving a profit of 15%.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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