WESTBRIDGE RENEWABLE ENERGY (WEB.CA) Stock Technical Analysis
TSX-V:WEB - TSX Venture Exchange - CA95716A1021 - Common Stock - Currency: CAD
Overall WEB gets a technical rating of 4 out of 10. In the past year, WEB 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.
When comparing the yearly performance of all stocks, WEB is a bad performer in the overall market: 81% of all stocks are doing better.
WEB is part of the Independent Power and Renewable Electricity Producers industry. There are 39 other stocks in this industry, of which 100% are performing better than WEB.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month WEB has a been trading in the 0.56 - 0.84 range, which is quite wide. It is currently trading near the high of this range.
WEB 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 WEB is lagging the market slightly.
WEB has an average technical rating and it also 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
0.73
0.89
We found 1 important support area.
- A support zone ranging from 0.74 to 0.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.79 to 0.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.86 to 0.88. 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 | NEUTRAL | NEUTRAL | The long term trend for WEB.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WEB.CA is up. |
| ChartMill Relative Strength | 19.04 | NEGATIVE | WEB.CA has a low relative strength, it was outperformed by 80.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WEB.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WEB.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WEB.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.64 | NEUTRAL | The RSI value for WEB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WEB.CA has a negative trend. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for WEB.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for WEB.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 31.75 | POSITIVE | The high ADX value value for WEB.CA suggests a strong 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:WEB (5/23/2025, 7:00:00 PM)
0.75
-0.02 (-2.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-2.6%
1 Week-7.41%
2 Weeks-6.25%
1 Month25%
3 Month-8.54%
6 Month-7.41%
12 Month-24.24%
2 Year-38.52%
3 Year200%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%5.27%
ATR Inc-42.86%
Range Today0.02
ADR(20)0.04
ADR(20)%4.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.04
Mansfield-0.93
10 Day High0.84
10 Day Low0.68
20 Day High0.84
20 Day Low0.56
52 Week High1.08
52 Week Low0.55
CS1 End0.74
CR1 Start0.79
Volume & EV
DER(3)-42.18%
DER(5)-39.43%
Volume32.62K
Volume Incr22.86%
Vol(5)54.88K
Vol(50)36.84K