WESTERN FOREST PRODUCTS INC (WEF.CA) Stock Technical Analysis
TSX:WEF - Toronto Stock Exchange - CA9582112038 - Common Stock - Currency: CAD
We assign a technical rating of 0 out of 10 to WEF. WEF's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
81% of all other stocks performed better in the past year than WEF.
WEF is one of the lesser performing stocks in the Paper & Forest Products industry. 72% of 12 stocks in the same industry do better.
WEF is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month WEF has a been trading in the 0.39 - 0.42 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Volume is considerably higher in the last couple of days.
WEF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 0.40, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.38
0.47
2 important support areas can be observed.
- A support zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.38 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.42 from a trend line in the weekly time frame.
- Resistance @0.47 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 WEF.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WEF.CA is neutral. |
| ChartMill Relative Strength | 19.35 | NEGATIVE | WEF.CA has a low relative strength, it was outperformed by 80.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WEF.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WEF.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WEF.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.25 | NEUTRAL | The RSI value for WEF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WEF.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.89 | NEUTRAL | The Stochastics value for WEF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for WEF.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.39 | NEGATIVE | The low ADX value for WEF.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)
TSX:WEF (6/16/2025, 7:00:00 PM)
0.405
+0.01 (+1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg1.25%
1 Week-1.22%
2 Weeks0%
1 Month-2.41%
3 Month-7.95%
6 Month1.25%
12 Month-11.96%
2 Year-61.06%
3 Year-72.07%
5 Year-56.45%
10 Year-81.84%
15 Year44.64%
Volatility
ATR(14)0.01
ATR(20)%2.65%
ATR Inc-9.68%
Range Today0.01
ADR(20)0.01
ADR(20)%2.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.35
Mansfield-1.19
10 Day High0.42
10 Day Low0.39
20 Day High0.42
20 Day Low0.39
52 Week High0.58
52 Week Low0.36
CS1 End0.4
CR1 Start0.41
Volume & EV
DER(3)0%
DER(5)0%
Volume2.20M
Volume Incr842.7%
Vol(5)2.40M
Vol(50)516.77K