Winston Gold Mining Corp. (WGC.CA) Technical Analysis
CNSX:WGC
Current stock price
WGC.CA Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to WGC. WGC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When compared to the yearly performance of all other stocks, WGC outperforms 54% of them, which is more or less in line with the market.
- WGC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WGC is lagging the market.
- In the last month WGC has a been trading in the 0.11 - 0.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
WGC.CA Weekly and Daily overview Charts
WGC.CA Setup Rating and Analysis
The technical rating of WGC is bad and it also does not present a quality setup 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
WGC.CA Support and Resistance Analysis
0.12
When analyzing the support we notice one important area.
- A support zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.18 from a horizontal line in the daily time frame.
WGC.CA 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 WGC.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WGC.CA is down. |
| ChartMill Relative Strength | 54.76 | NEUTRAL | WGC.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WGC.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WGC.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WGC.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.53 | NEUTRAL | The RSI value for WGC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WGC.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.95 | NEUTRAL | The Stochastics value for WGC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.8 | HIGH VOLATILITY | The high ATR as a percentage value for WGC.CA suggests high volalility. |
WGC.CA Chart- and CandleStick Pattern Analysis
WGC.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CNSX:WGC (4/8/2021, 8:46:57 PM)
0.125
+0.01 (+4.17%)
Winston Gold Mining Corp. / WGC.CA TA FAQ
What is the technical rating for WGC stock?
ChartMill assigns a technical rating of 2 / 10 to WGC.CA.
Can you provide the trend direction for Winston Gold Mining Corp.?
The current trend direction for Winston Gold Mining Corp. (WGC.CA) is Bearish.
What is the RSI signal for Winston Gold Mining Corp. (WGC.CA) stock?
Winston Gold Mining Corp. (WGC.CA) has an RSI value of 44.53. This indicates that the stock is currently neutral.
What is the MACD signal for Winston Gold Mining Corp. (WGC.CA) stock?
The MACD indicator for Winston Gold Mining Corp. (WGC.CA) has a value of -0.000768853, indicating a bearish trend.
What is the buy/sell signal for Winston Gold Mining Corp. (WGC.CA) stock?
The buy/sell signal for Winston Gold Mining Corp. (WGC.CA) is sell as both the short term and long term trends are negative.