WESTERN FOREST PRODUCTS INC (WEF.CA) Stock Technical Analysis
TSX:WEF • CA9582117086
Taking everything into account, WEF scores 6 out of 10 in our technical rating. WEF has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- WEF is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- WEF is one of the better performing stocks in the Paper & Forest Products industry, it outperforms 81% of 12 stocks in the same industry.
- When comparing the performance of all stocks over the past year, WEF turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
- WEF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WEF is lagging the market.
WEF has an average technical rating and the quality of the presented setup is also not ideal 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
13.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.02 to 14.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.46 to 13.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @14.42 from a horizontal line in the daily time frame.
- A resistance zone ranging from 16.12 to 16.18. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for WEF.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WEF.CA is neutral. |
| ChartMill Relative Strength | 57.46 | NEUTRAL | WEF.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WEF.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WEF.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WEF.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.81 | NEUTRAL | The RSI value for WEF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests WEF.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.65 | NEUTRAL | The Stochastics value for WEF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.95 | HIGH VOLATILITY | The high ATR as a percentage value for WEF.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.66 | NEUTRAL | The ADX value for WEF.CA suggests a possible start of a new trend. |
TSX:WEF (3/2/2026, 7:00:00 PM)
14.41
+0.37 (+2.64%)
WESTERN FOREST PRODUCTS INC / WEF.CA FAQ
What is the technical rating for WEF stock?
ChartMill assigns a technical rating of 6 / 10 to WEF.CA.
What is the current trend direction of WESTERN FOREST PRODUCTS INC (WEF.CA) stock?
The current trend direction for WESTERN FOREST PRODUCTS INC (WEF.CA) is Bullish.
What is the RSI signal for WESTERN FOREST PRODUCTS INC (WEF.CA) stock?
WESTERN FOREST PRODUCTS INC (WEF.CA) has an RSI value of 50.8145. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WESTERN FOREST PRODUCTS INC?
The MACD indicator for WESTERN FOREST PRODUCTS INC (WEF.CA) has a value of -0.166108, indicating a bearish trend.