WEST FRASER TIMBER CO LTD (WFG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:WFG • CA9528451052
Taking everything into account, WFG scores 6 out of 10 in our technical rating. In the past year, WFG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- WFG is one of the better performing stocks in the Paper & Forest Products industry, it outperforms 87% of 9 stocks in the same industry.
- In the last month WFG has a been trading in the 61.66 - 76.99 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, WFG turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
- WFG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WFG is lagging the market.
WFG has an average technical rating and the quality of the presented setup is also not ideal 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
57.33
We found 6 important support areas.
- Support @72.71 from a horizontal line in the daily time frame.
- A support zone ranging from 70.05 to 70.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 68.36 to 68.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.18 from a trend line in the daily time frame.
- Support @59.00 from a horizontal line in the weekly time frame.
- Support @57.91 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @73.38 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 76.52 to 76.69. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for WFG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WFG is up. |
| ChartMill Relative Strength | 53.28 | NEUTRAL | WFG is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of WFG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WFG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.71 | NEUTRAL | The RSI value for WFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests WFG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.9 | NEUTRAL | The Stochastics value for WFG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for WFG suggests some volalility. |
| Average Directional Index/ADX (14) | 33.63 | POSITIVE | The high ADX value value for WFG suggests a strong trend. |
73.37
+0.01 (+0.01%)
WEST FRASER TIMBER CO LTD / WFG FAQ
What is the technical rating for WFG stock?
ChartMill assigns a technical rating of 6 / 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 62.7082. 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 0.160061, indicating a bearish trend.