WESDOME GOLD MINES LTD (WDO.CA) Stock Technical Analysis
TSX:WDO - Toronto Stock Exchange - CA95083R1001 - Common Stock - Currency: CAD
Overall WDO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WDO is showing a nice and steady performance.
In the last month WDO has a been trading in the 18.36 - 20.24 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that WDO is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by WDO over the past year are nicely spread over this period.
WDO is one of the better performing stocks in the Metals & Mining industry, it outperforms 71% of 811 stocks in the same industry.
WDO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WDO is lagging the market slightly.
Besides having an excellent technical rating, WDO also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
10.74
20.29
When analyzing the support we can see 6 important areas.
- A support zone ranging from 18.60 to 18.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.64 from a trend line in the daily time frame.
- Support @17.08 from a trend line in the daily time frame.
- Support @13.70 from a trend line in the weekly time frame.
- Support @12.26 from a trend line in the weekly time frame.
- Support @10.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.09 to 20.09. 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 WDO.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WDO.CA is neutral. |
| ChartMill Relative Strength | 87.22 | POSITIVE | WDO.CA has a high relative strength, it outperformed 87.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WDO.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WDO.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WDO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.54 | NEUTRAL | The RSI value for WDO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests WDO.CA has a negative trend. |
| Stochastics (14,3) | 20.2 | NEUTRAL | The Stochastics value for WDO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for WDO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.84 | NEGATIVE | The low ADX value for WDO.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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.20 | 18.59 | 0.61 (3.20%) | 25.00% |
| An entry @19.20. This is a Buy Stop order right above the 10 day moving average. | An exit @18.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.61 points, which is 3.20%. | For a 0.80% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WDO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:WDO (6/27/2025, 7:00:00 PM)
18.64
-0.37 (-1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.95%
1 Week-3.02%
2 Weeks-7.22%
1 Month2.25%
3 Month10.69%
6 Month47.24%
12 Month69.15%
2 Year170.15%
3 Year67.17%
5 Year58.91%
10 Year1709.71%
15 Year693.19%
Volatility
ATR(14)0.55
ATR(20)%2.96%
ATR Inc13.95%
Range Today0.52
ADR(20)0.51
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.22
Mansfield1.99
10 Day High20.18
10 Day Low18.36
20 Day High20.24
20 Day Low18.36
52 Week High20.24
52 Week Low10.89
CS1 End18.63
CR1 Start20.09
Volume & EV
DER(3)0.72%
DER(5)-1.88%
Volume671.19K
Volume Incr14.45%
Vol(5)722.65K
Vol(50)551.21K