WESTERN FOREST PRODUCTS INC (WEF.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:WEF - CA9582117086 - Common Stock
Taking everything into account, WEF scores 7 out of 10 in our technical rating. In the last year, WEF was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- Warning: WEF has an average volume of 29696 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- 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.
- WEF 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 WEF is lagging the market slightly.
- In the last month WEF has a been trading in the 10.52 - 14.00 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When compared to the yearly performance of all other stocks, WEF outperforms 53% of them, which is more or less in line with the market.
- WEF is an average performer in the Paper & Forest Products industry, it outperforms 63% of 12 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although WEF has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.73
When analyzing the support we notice one important area.
- Support @10.84 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for WEF.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WEF.CA is up. |
| ChartMill Relative Strength | 53.04 | NEUTRAL | WEF.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WEF.CA is above the rising 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) | 82.99 | OVERBOUGHT | The high RSI value suggests WEF.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests WEF.CA has a positive trend. |
| Stochastics (14,3) | 94.77 | OVERBOUGHT | The high Stochastics value suggests WEF.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for WEF.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.31 | POSITIVE | The high ADX value value for WEF.CA suggests a strong trend. |
TSX:WEF (1/16/2026, 7:00:00 PM)
13.91
+0.26 (+1.9%)
WESTERN FOREST PRODUCTS INC / WEF.CA FAQ
What is the technical rating for WEF stock?
ChartMill assigns a technical rating of 7 / 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 Bearish.
What is the RSI signal for WESTERN FOREST PRODUCTS INC (WEF.CA) stock?
WESTERN FOREST PRODUCTS INC (WEF.CA) has an RSI value of 82.9924. This indicates that the stock is currently overbought.
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 0.29082, indicating a bearish trend.