WEST FRASER TIMBER CO LTD (WFG) Stock Technical Analysis
NYSE:WFG - New York Stock Exchange, Inc. - CA9528451052 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to WFG. In the past year, WFG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, WFG is a bad performer in the overall market: 67% of all stocks are doing better.
WFG is currently trading in the lower part 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.
WFG is one of the better performing stocks in the Paper & Forest Products industry, it outperforms 75% of 9 stocks in the same industry.
In the last month WFG has a been trading in the 72.40 - 77.62 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
WFG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 75.76, a Stop Loss order could be placed below this zone.
More info and screens
71.78
78.87
We found 1 important support area.
- A support zone ranging from 72.50 to 75.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 76.01 to 76.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @78.09 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 | UP | POSITIVE | The short term trend for WFG is up. |
| ChartMill Relative Strength | 33.49 | 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) | DOWN | MIXED | The current price of WFG is above 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) | 54.85 | NEUTRAL | The RSI value for WFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests WFG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.19 | NEUTRAL | The Stochastics value for WFG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for WFG suggests low volalility. |
| Average Directional Index/ADX (14) | 10.34 | NEGATIVE | The low ADX value for WFG suggests a weak or negative trend. |
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)
76
-0.78 (-1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-1.02%
1 Week1.58%
2 Weeks3.29%
1 Month2%
3 Month-0.77%
6 Month-15.07%
12 Month-4.89%
2 Year-11.61%
3 Year-0.95%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.49
ATR(20)%1.93%
ATR Inc10.95%
Range Today1.33
ADR(20)1.4
ADR(20)%1.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.49
Mansfield-1.34
10 Day High77.62
10 Day Low72.85
20 Day High77.62
20 Day Low72.4
52 Week High102.4
52 Week Low69.48
CS1 End75.76
CR1 Start76.01
Volume & EV
DER(3)2.26%
DER(5)2.7%
Volume181.60K
Volume Incr13.47%
Vol(5)182.12K
Vol(50)191.94K