WEST FRASER TIMBER CO LTD (WFG) Stock Technical Analysis
USA - NYSE:WFG - CA9528451052 - Common Stock
Taking everything into account, WFG scores 0 out of 10 in our technical rating. WFG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of WFG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
61.45
We can see 4 important resistance areas.
- A resistance zone ranging from 70.28 to 70.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @73.43 from a trend line in the daily time frame.
- A resistance zone ranging from 76.46 to 76.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for WFG is down. |
| ChartMill Relative Strength | 10.45 | NEGATIVE | WFG has a low relative strength, it was outperformed by 89.55% 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) | 29.47 | OVERSOLD | The low RSI value suggests WFG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests WFG has a negative trend. |
| Stochastics (14,3) | 22.7 | NEUTRAL | The Stochastics value for WFG is a neutral value. |
| 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) | 20.83 | NEUTRAL | The ADX value for WFG suggests a possible start of a new trend. |
62.07
-3.15 (-4.83%)
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 0 / 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 29.4677. This indicates that the stock is currently oversold.
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 negative.
What are the support and resistance levels for WEST FRASER TIMBER CO LTD (WFG) stock?
WEST FRASER TIMBER CO LTD (WFG) has a resistance level at 70.28. Check the full technical report for our detailed analysis of WFG support and resistance levels.