WHITECAP RESOURCES INC (WCP.CA) Stock Technical Analysis
TSX:WCP - Toronto Stock Exchange - CA96467A2002 - Common Stock - Currency: CAD
Taking everything into account, WCP scores 3 out of 10 in our technical rating. In the past year, WCP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
79% of all other stocks performed better in the past year than WCP.
In the last month WCP has a been trading in the 7.55 - 8.85 range, which is quite wide. It is currently trading near the high of this range.
WCP has an average volume of 8419810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
WCP is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, WCP did better than 41% of them.
WCP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WCP is lagging the market slightly.
WCP has a poor technical rating and the quality of the setup is also not perfect 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
7.46
10.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.41 to 8.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.69 to 7.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.54 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 8.74 to 8.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.65 from a trend line in the daily time frame.
- Resistance @9.89 from a trend line in the weekly time frame.
- Resistance @10.13 from a horizontal line in the daily time frame.
- Resistance @10.55 from a trend line in the weekly time frame.
- Resistance @10.77 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for WCP.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WCP.CA is up. |
| ChartMill Relative Strength | 21.01 | NEGATIVE | WCP.CA has a low relative strength, it was outperformed by 78.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WCP.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WCP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WCP.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.18 | NEUTRAL | The RSI value for WCP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests WCP.CA has a positive trend. |
| Stochastics (14,3) | 79.74 | NEUTRAL | The Stochastics value for WCP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for WCP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.28 | NEUTRAL | The ADX value for WCP.CA suggests a possible start of a new 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:WCP (5/23/2025, 7:00:00 PM)
8.73
+0.24 (+2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.83%
1 Week2.46%
2 Weeks9.67%
1 Month6.59%
3 Month-12.53%
6 Month-18.56%
12 Month-15.65%
2 Year-6.03%
3 Year-22.4%
5 Year330.05%
10 Year-36.28%
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%2.83%
ATR Inc-10.18%
Range Today0.35
ADR(20)0.21
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.01
Mansfield-1.22
10 Day High8.85
10 Day Low7.95
20 Day High8.85
20 Day Low7.55
52 Week High11.31
52 Week Low6.87
CS1 End8.63
CR1 Start8.74
Volume & EV
DER(3)4.51%
DER(5)1.38%
Volume9.55M
Volume Incr-7.78%
Vol(5)9.82M
Vol(50)8.42M