WHITECAP RESOURCES INC (WCP.CA) Stock Technical Analysis
TSX:WCP - Toronto Stock Exchange - CA96467A2002 - Common Stock - Currency: CAD
We assign a technical rating of 5 out of 10 to WCP. Recently some decent action could be observed, but in the medium term time frame this is still negative. WCP was also a bad performer in the overall market in the last year.
WCP has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 9.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.10, a Stop Loss order could be placed below this zone.
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8.84
When analyzing the support we notice one important area.
- A support zone ranging from 8.93 to 9.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 9.20 to 9.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 9.51 to 9.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.90 from a horizontal line in the daily time frame.
- Resistance @10.46 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 | NEUTRAL | NEUTRAL | The long term trend for WCP.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WCP.CA is up. |
| ChartMill Relative Strength | 39 | NEUTRAL | WCP.CA is not amongst the best or worst performers 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) | 54.52 | NEUTRAL | The RSI value for WCP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests WCP.CA has a negative trend. |
| Stochastics (14,3) | 36.54 | NEUTRAL | The Stochastics value for WCP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for WCP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.79 | NEUTRAL | The ADX value for WCP.CA suggests a possible start of a new trend. |
TSX:WCP (6/30/2025, 7:00:00 PM)
9.15
+0.04 (+0.44%)