WESTBOND ENTERPRISES CORP (WBE.CA) Stock Technical Analysis
TSX-V:WBE - TSX Venture Exchange - CA95712L1022 - Common Stock - Currency: CAD
Taking everything into account, WBE scores 3 out of 10 in our technical rating. WBE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
WBE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Warning: WBE has an average volume of 13457 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
WBE is one of the better performing stocks in the Paper & Forest Products industry, it outperforms 80% of 11 stocks in the same industry.
WBE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, WBE turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
The technical rating of WBE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.11
0.19
2 important support areas can be observed.
- Support @0.12 from a trend line in the daily time frame.
- Support @0.11 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.16 from a trend line in the weekly time frame.
- Resistance @0.19 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for WBE.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WBE.CA is neutral. |
| ChartMill Relative Strength | 42.68 | NEUTRAL | WBE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WBE.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WBE.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WBE.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.8 | NEUTRAL | The RSI value for WBE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WBE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.78 | NEUTRAL | The Stochastics value for WBE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for WBE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.91 | NEGATIVE | The low ADX value for WBE.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX-V:WBE (8/14/2025, 7:00:00 PM)
0.125
-0.01 (-7.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-7.41%
1 Week-6.9%
2 Weeks0%
1 Month12.5%
3 Month3.85%
6 Month-15.62%
12 Month8%
2 Year-34.15%
3 Year-65.82%
5 Year-64.47%
10 Year58.82%
15 Year35%
Volatility
ATR(14)0.01
ATR(20)%3.52%
ATR Inc115.39%
Range Today0.01
ADR(20)0
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.68
Mansfield-1.43
10 Day High0.14
10 Day Low0.13
20 Day High0.14
20 Day Low0.12
52 Week High0.28
52 Week Low0.11
CS1 End0.13
CR1 Start0.14
Volume & EV
DER(3)0%
DER(5)0%
Volume12.84K
Volume Incr29.76%
Vol(5)12.41K
Vol(50)13.46K