Waterloo Brewing Ltd (WBR.CA) Stock Technical Analysis
Canada - TSX:WBR - CA94155W1059 - Common Stock
Overall WBR gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WBR is only an average performer.
Although WBR has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.01
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.92 to 3.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.27 from a trend line in the daily time frame.
- Support @3.04 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.02 to 4.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for WBR.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WBR.CA is up. |
| ChartMill Relative Strength | 69.12 | NEUTRAL | WBR.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WBR.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WBR.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WBR.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.11 | NEUTRAL | The RSI value for WBR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WBR.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.17 | NEUTRAL | The Stochastics value for WBR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.38 | LOW VOLATILITY | The low ATR as a percentage value for WBR.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 51.96 | POSITIVE | The high ADX value value for WBR.CA suggests a strong trend. |
TSX:WBR (3/8/2023, 7:00:00 PM)
4.01
+0.02 (+0.5%)
Waterloo Brewing Ltd / WBR.CA FAQ
What is the ChartMill technical rating of Waterloo Brewing Ltd (WBR.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to WBR.CA.
Can you provide the trend direction for Waterloo Brewing Ltd?
The current trend direction for Waterloo Brewing Ltd (WBR.CA) is Bullish.
Can you provide the RSI signal for Waterloo Brewing Ltd?
Waterloo Brewing Ltd (WBR.CA) has an RSI value of 63.1072. This indicates that the stock is currently neutral.
What is the buy/sell signal for WBR stock?
The buy/sell signal for Waterloo Brewing Ltd (WBR.CA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Waterloo Brewing Ltd (WBR.CA) stock?
Waterloo Brewing Ltd (WBR.CA) has a support level at 3.99 and a resistance level at 4.02. Check the full technical report for our detailed analysis of WBR.CA support and resistance levels.