WESTERN FOREST PRODUCTS INC (WEF.CA) Technical Analysis
TSX:WEF • CA9582117086
Current stock price
WEF.CA Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to WEF. Although WEF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- WEF is part of the Paper & Forest Products industry. There are 11 other stocks in this industry. WEF outperforms 90% of them.
- In the last month WEF has a been trading in the 13.95 - 15.76 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.
- 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 52% 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.
- Volume is considerably higher in the last couple of days.
WEF.CA Weekly and Daily overview Charts
WEF.CA Setup Rating and Analysis
Although the technical rating is only medium, WEF does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 15.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.71, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
WEF.CA Support and Resistance Analysis
13.08
2 important support areas can be observed.
- A support zone ranging from 14.12 to 14.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.21 to 13.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 15.29 to 15.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 16.01 to 16.18. This zone is formed by a combination of multiple trend lines in the weekly time frame.
WEF.CA Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for WEF.CA is up. |
| ChartMill Relative Strength | 52.44 | NEUTRAL | WEF.CA is not amongst the best or worst performers 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) | 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) | 52.52 | NEUTRAL | The RSI value for WEF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests WEF.CA has a negative trend. |
| Stochastics (14,3) | 42.4 | NEUTRAL | The Stochastics value for WEF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for WEF.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.16 | NEGATIVE | The low ADX value for WEF.CA suggests a weak or negative trend. |
WEF.CA Chart- and CandleStick Pattern Analysis
WEF.CA Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.42 | 14.20 | 1.22 (7.91%) | 12.64% |
| An entry @15.42. This is a Buy Stop order right above the resistance zone. | An exit @14.20. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.22 points, which is 7.91%. | For a 1.00% total portfolio risk, you can invest 12.64% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
WEF.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:WEF (5/1/2026, 7:00:00 PM)
14.75
-0.04 (-0.27%)
WESTERN FOREST PRODUCTS INC / WEF.CA TA FAQ
What is the technical rating for WEF stock?
ChartMill assigns a technical rating of 6 / 10 to WEF.CA.
What is the trend direction for WEF stock?
The current trend direction for WESTERN FOREST PRODUCTS INC (WEF.CA) is Bullish.
What is the RSI signal for WEF stock?
WESTERN FOREST PRODUCTS INC (WEF.CA) has an RSI value of 52.5244. This indicates that the stock is currently neutral.
What is the short term momentum for WESTERN FOREST PRODUCTS INC (WEF.CA) stock?
The short term momentum for WESTERN FOREST PRODUCTS INC (WEF.CA) is positive.
What is the support and resistance level for WEF stock?
WESTERN FOREST PRODUCTS INC (WEF.CA) has a support level at 14.71 and a resistance level at 15.29. Check the full technical report for our detailed analysis of WEF.CA support and resistance levels.