WESTAIM CORP/THE (WED.CA) Stock Technical Analysis
TSX-V:WED - US9569251013 - Common Stock
28.75 CAD
+0.15 (+0.52%)
We assign a technical rating of 1 out of 10 to WED. WED has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
WED is one of the lesser performing stocks in the Capital Markets industry. 67% of 77 stocks in the same industry do better.
In the last month WED has a been trading in the 28.25 - 30.50 range, which is quite wide. It is currently trading near the lows of this range.
Warning: WED has an average volume of 18899 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When compared to the yearly performance of all other stocks, WED outperforms 42% of them, which is more or less in line with the market.
WED is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WED is lagging the market.
Although the technical rating is bad, WED does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 28.30, a Stop Loss order could be placed below this zone.
More info and screens
28.01
34.35
When analyzing the support we notice one important area.
- A support zone ranging from 28.29 to 28.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 29.25 to 29.54. 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 31.44 to 33.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.01 from a horizontal line in the daily 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 WED.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WED.CA is down. |
| ChartMill Relative Strength | 42.72 | NEUTRAL | WED.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WED.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WED.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WED.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.69 | NEUTRAL | The RSI value for WED.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests WED.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.46 | OVERSOLD | The low Stochastics value suggests WED.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for WED.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.21 | NEUTRAL | The ADX value for WED.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-V:WED (8/22/2025, 7:00:00 PM)
28.75
+0.15 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.52%
1 Week-2.74%
2 Weeks0.91%
1 Month-2.41%
3 Month-9.02%
6 Month-8.87%
12 Month21%
2 Year37.69%
3 Year81.5%
5 Year128.18%
10 Year59.72%
15 Year-99.65%
Volatility
ATR(14)0.55
ATR(20)%2.11%
ATR Inc-18.2%
Range Today0.57
ADR(20)0.58
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.72
Mansfield-1.23
10 Day High30.2
10 Day Low28.4
20 Day High30.5
20 Day Low28.25
52 Week High35.55
52 Week Low22.8
CS1 End28.3
CR1 Start29.25
Volume & EV
DER(3)1.29%
DER(5)-1.96%
Volume44.71K
Volume Incr-26.93%
Vol(5)12.97K
Vol(50)18.90K