WEST FRASER TIMBER CO LTD (WFG) Stock Technical Analysis
NYSE:WFG - New York Stock Exchange, Inc. - CA9528451052 - Common Stock - Currency: USD
Overall WFG gets a technical rating of 1 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, WFG is a bad performer in the overall market: 69% 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 an average performer in the Paper & Forest Products industry, it outperforms 62% of 9 stocks in the same industry.
In the last month WFG has a been trading in the 71.25 - 77.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WFG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 73.29, a Stop Loss order could be placed below this zone.
More info and screens
72.56
91.21
When analyzing the support we notice one important area.
- Support @73.29 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 73.79 to 76.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @79.52 from a horizontal line in the daily time frame.
- Resistance @90.31 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 | 31.16 | NEUTRAL | WFG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WFG is below the rising 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) | 44.49 | NEUTRAL | The RSI value for WFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests WFG has a negative trend. |
| Stochastics (14,3) | 15.12 | OVERSOLD | The low Stochastics value suggests WFG may be oversold. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for WFG suggests some volalility. |
| Average Directional Index/ADX (14) | 8.37 | 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)
73.37
-0.27 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-0.37%
1 Week-1.53%
2 Weeks-1.78%
1 Month0.88%
3 Month-6.94%
6 Month-22.33%
12 Month-10.31%
2 Year8.83%
3 Year-20.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.61
ATR(20)%2.28%
ATR Inc-31.15%
Range Today0.73
ADR(20)1.59
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.16
Mansfield-1.52
10 Day High77.38
10 Day Low73.13
20 Day High77.38
20 Day Low71.25
52 Week High102.4
52 Week Low69.48
CS1 End73.29
CR1 Start73.79
Volume & EV
DER(3)-4%
DER(5)-1.5%
Volume121.60K
Volume Incr-22.7%
Vol(5)132.44K
Vol(50)199.42K