WEST FRASER TIMBER CO LTD (WFG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WFG - CA9528451052 - Common Stock
Taking everything into account, WFG scores 1 out of 10 in our technical rating. WFG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, WFG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 62.35. Right above this resistance zone may be a good entry point.
More info and screens
57.32
When analyzing the support we notice one important area.
- A support zone ranging from 57.90 to 57.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 62.35 to 62.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 75.46 to 76.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @79.52 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 WFG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WFG is neutral. |
| ChartMill Relative Strength | 12.35 | NEGATIVE | WFG has a low relative strength, it was outperformed by 87.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WFG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WFG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WFG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.9 | NEUTRAL | The RSI value for WFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests WFG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.37 | OVERBOUGHT | The high Stochastics value suggests WFG may be overbought. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for WFG suggests some volalility. |
| Average Directional Index/ADX (14) | 25.17 | POSITIVE | The high ADX value value for WFG suggests a strong trend. |
61.45
-0.89 (-1.43%)
WEST FRASER TIMBER CO LTD / WFG FAQ
What is the ChartMill technical rating of WEST FRASER TIMBER CO LTD (WFG) stock?
ChartMill assigns a technical rating of 1 / 10 to WFG.
What is the trend direction for WFG stock?
The current trend direction for WEST FRASER TIMBER CO LTD (WFG) is Bearish.
Can you provide the RSI signal for WEST FRASER TIMBER CO LTD?
WEST FRASER TIMBER CO LTD (WFG) has an RSI value of 49.8978. This indicates that the stock is currently neutral.
What is the short term momentum for WEST FRASER TIMBER CO LTD (WFG) stock?
The short term momentum for WEST FRASER TIMBER CO LTD (WFG) is neutral.
What are the support and resistance levels for WEST FRASER TIMBER CO LTD (WFG) stock?
WEST FRASER TIMBER CO LTD (WFG) has a support level at 57.91 and a resistance level at 62.35. Check the full technical report for our detailed analysis of WFG support and resistance levels.