WEST FRASER TIMBER CO LTD (WFG) Technical Analysis
NYSE:WFG • CA9528451052
Current stock price
64.16 USD
+0.33 (+0.52%)
At close:
64.16 USD
0 (0%)
After Hours:
WFG Technical Rating and Analysis
Overall WFG gets a technical rating of 0 out of 10. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 74% of all other stocks performed better in the past year than WFG.
- WFG is part of the Paper & Forest Products industry. There are 9 other stocks in this industry. WFG outperforms 75% of them.
- WFG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WFG is lagging the market slightly.
- In the last month WFG has a been trading in the 59.15 - 66.97 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 bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 65.38. Right above this resistance zone may be a good entry point.
More info and screens
WFG Support and Resistance Analysis
57.32
78.74
We found 2 important support areas.
- 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.
- Support @57.90 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 65.38 to 65.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @70.82 from a trend line in the weekly time frame.
- Resistance @73.58 from a horizontal line in the weekly time frame.
- Resistance @75.44 from a horizontal line in the daily time frame.
- Resistance @77.96 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 | 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 | 26.84 | NEGATIVE | WFG has a low relative strength, it was outperformed by 73.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WFG is above 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) | 47.17 | NEUTRAL | The RSI value for WFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests WFG has a positive trend. |
| Stochastics (14,3) | 59.76 | NEUTRAL | The Stochastics value for WFG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for WFG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.04 | NEUTRAL | The ADX value for WFG suggests a possible start of a new trend. |
WFG Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
WFG Technicals: Chart, Performance Metrics, Trend & Indicators
64.16
+0.33 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg0.52%
1 Week2.87%
2 Weeks-2.14%
1 Month-3.23%
3 Month2.17%
6 Month-6.31%
12 Month-12.64%
2 Year-25.77%
3 Year-9.94%
5 Year-10.94%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.94
ATR(20)%3.08%
ATR Inc-31.84%
Range Today1.45
ADR(20)1.84
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.84
3 months CRS78.13
6 months CRS42.39
Mansfield-0.62
10 Day High66.97
10 Day Low59.15
20 Day High66.97
20 Day Low59.15
52 Week High78.55
52 Week Low57.34
CS1 End59.52
CR1 Start65.38
Volume & EV
DER(3)2.26%
DER(5)2.76%
Volume206.60K
Volume Incr-26.24%
Vol(5)155.92K
Vol(50)235.19K
WEST FRASER TIMBER CO LTD / WFG TA FAQ
What is the technical rating for WFG stock?
ChartMill assigns a technical rating of 0 / 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.
Can you provide the RSI signal for WEST FRASER TIMBER CO LTD?
WEST FRASER TIMBER CO LTD (WFG) has an RSI value of 47.1745. This indicates that the stock is currently neutral.
What is the MACD signal for WFG stock?
The MACD indicator for WEST FRASER TIMBER CO LTD (WFG) has a value of 0.243436, indicating a bearish trend.