WESTERN EXPLORATION INC (WEX.CA) Stock Technical Analysis
TSX-V:WEX • CA22938T1075
Overall WEX gets a technical rating of 6 out of 10. In the last year, WEX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- WEX is part of the Metals & Mining industry. There are 816 other stocks in this industry, of which 74% are performing better than WEX.
- 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month WEX has a been trading in the 0.71 - 0.98 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, WEX turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
- WEX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WEX 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.
WEX has an average technical rating and also the quality of the setup is only medium 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
0.63
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.81 to 0.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.78 from a horizontal line in the daily time frame.
- A support zone ranging from 0.64 to 0.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @0.92 from a horizontal line in the daily time frame.
- Resistance @0.99 from a trend line in the weekly time frame.
- Resistance @1.04 from a horizontal line 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 WEX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WEX.CA is up. |
| ChartMill Relative Strength | 63.93 | NEUTRAL | WEX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WEX.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WEX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WEX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.61 | NEUTRAL | The RSI value for WEX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WEX.CA has a positive trend. |
| Stochastics (14,3) | 71.11 | NEUTRAL | The Stochastics value for WEX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for WEX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.59 | NEGATIVE | The low ADX value for WEX.CA suggests a weak or negative trend. |
TSX-V:WEX (3/2/2026, 7:00:00 PM)
0.91
+0.01 (+1.11%)
WESTERN EXPLORATION INC / WEX.CA FAQ
What is the technical rating for WEX stock?
ChartMill assigns a technical rating of 6 / 10 to WEX.CA.
What is the trend direction for WEX stock?
The current trend direction for WESTERN EXPLORATION INC (WEX.CA) is Bullish.
What is the RSI signal for WESTERN EXPLORATION INC (WEX.CA) stock?
WESTERN EXPLORATION INC (WEX.CA) has an RSI value of 55.6102. This indicates that the stock is currently neutral.
What is the MACD signal for WESTERN EXPLORATION INC (WEX.CA) stock?
The MACD indicator for WESTERN EXPLORATION INC (WEX.CA) has a value of 0.00351913, indicating a bearish trend.
What is the support and resistance level for WEX stock?
WESTERN EXPLORATION INC (WEX.CA) has a support level at 0.86 and a resistance level at 0.92. Check the full technical report for our detailed analysis of WEX.CA support and resistance levels.