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 7 out of 10 to WEF. 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
WEF is one of the better performing stocks in the Paper & Forest Products industry, it outperforms 81% of 12 stocks in the same industry.
In the last month WEF has a been trading in the 11.70 - 13.75 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, WEF outperforms 54% of them, which is more or less in line with the market.
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.
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. 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
10.99
13.80
We found 4 important support areas.
- A support zone ranging from 11.93 to 12.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.69 from a horizontal line in the weekly time frame.
- A support zone ranging from 11.39 to 11.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.10 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @13.66 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 | 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 | 54.36 | 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) | DOWN | MIXED | The current price of WEF.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.89 | NEUTRAL | The RSI value for WEF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests WEF.CA has a positive trend. |
| Stochastics (14,3) | 82.81 | OVERBOUGHT | The high Stochastics value suggests WEF.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for WEF.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.2 | NEUTRAL | The ADX value for WEF.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:WEF (7/31/2025, 7:00:00 PM)
13.32
+0.02 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg0.15%
1 Week6.99%
2 Weeks9.63%
1 Month9.63%
3 Month13.85%
6 Month11%
12 Month8.29%
2 Year-56.89%
3 Year-70.2%
5 Year-57.71%
10 Year-76.87%
15 Year11%
Volatility
ATR(14)0.43
ATR(20)%3.09%
ATR Inc-7.74%
Range Today0.11
ADR(20)0.41
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.36
Mansfield-0.59
10 Day High13.75
10 Day Low11.85
20 Day High13.75
20 Day Low11.7
52 Week High17.4
52 Week Low10.8
CS1 End12.3
CR1 Start13.66
Volume & EV
DER(3)28.74%
DER(5)24.76%
Volume11.22K
Volume Incr-47.06%
Vol(5)139.50K
Vol(50)510.05K