WEST FRASER TIMBER CO LTD (WFG) Technical Analysis
NYSE:WFG • CA9528451052
Current stock price
WFG Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to WFG. 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.
- 83% of all other stocks performed better in the past year than WFG.
- WFG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- WFG is one of the better performing stocks in the Paper & Forest Products industry, it outperforms 75% of 9 stocks in the same industry.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- In the last month WFG has a been trading in the 61.31 - 67.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WFG Weekly and Daily overview Charts
WFG Setup Rating and Analysis
WFG has a poor technical rating and the quality of the setup is also 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
WFG Support and Resistance Analysis
58.40
We found 1 important support area.
- A support zone ranging from 58.99 to 59.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 64.68 to 66.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @69.25 from a trend line in the weekly time frame.
- Resistance @72.59 from a trend line in the weekly time frame.
- Resistance @75.44 from a horizontal line in the daily time frame.
WFG 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 | NEUTRAL | NEUTRAL | The long term trend for WFG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WFG is neutral. |
| ChartMill Relative Strength | 17.84 | NEGATIVE | WFG has a low relative strength, it was outperformed by 82.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WFG is below a declining 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) | 39.59 | NEUTRAL | The RSI value for WFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests WFG has a negative trend. |
| Stochastics (14,3) | 18.64 | OVERSOLD | The low Stochastics value suggests WFG may be oversold. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for WFG suggests some volalility. |
| Average Directional Index/ADX (14) | 14.04 | NEGATIVE | The low ADX value for WFG suggests a weak or negative trend. |
WFG Chart- and CandleStick Pattern Analysis
WFG Technicals: Chart, Performance Metrics, Trend & Indicators
62.39
-0.92 (-1.45%)
WEST FRASER TIMBER CO LTD / WFG TA FAQ
What is the technical rating for WFG stock?
ChartMill assigns a technical rating of 1 / 10 to WFG.
Can you provide the trend direction for WEST FRASER TIMBER CO LTD?
The current trend direction for WEST FRASER TIMBER CO LTD (WFG) is Bearish.
What is the RSI signal for WFG stock?
WEST FRASER TIMBER CO LTD (WFG) has an RSI value of 39.588. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WEST FRASER TIMBER CO LTD?
The short term momentum for WEST FRASER TIMBER CO LTD (WFG) is neutral.
What is the support and resistance level for WFG stock?
WEST FRASER TIMBER CO LTD (WFG) has a support level at 59.52 and a resistance level at 64.68. Check the full technical report for our detailed analysis of WFG support and resistance levels.