WESCAN GOLDFIELDS INC (WGF.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:WGF • CA95081V2021
Taking everything into account, WGF scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WGF is showing a nice and steady performance.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Both the short term and long term trends are positive. This is a very positive sign.
- WGF is one of the better performing stocks in the Metals & Mining industry, it outperforms 96% of 814 stocks in the same industry.
- WGF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WGF is lagging the market slightly.
- In the last month WGF has a been trading in the 0.11 - 0.21 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that WGF is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although WGF has an excellent technical rating, it does not offer a high 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
0.15
2 important support areas can be observed.
- A support zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.15 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.19 to 0.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for WGF.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WGF.CA is up. |
| ChartMill Relative Strength | 98.36 | POSITIVE | WGF.CA has a high relative strength, it outperformed 98.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WGF.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WGF.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WGF.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.07 | NEUTRAL | The RSI value for WGF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WGF.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 80 | NEUTRAL | The Stochastics value for WGF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 12.5 | HIGH VOLATILITY | The high ATR as a percentage value for WGF.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.21 | NEGATIVE | The low ADX value for WGF.CA suggests a weak or negative trend. |
TSX-V:WGF (2/3/2026, 7:00:00 PM)
0.18
+0.01 (+9.09%)
WESCAN GOLDFIELDS INC / WGF.CA FAQ
Can you provide the ChartMill technical rating for WESCAN GOLDFIELDS INC?
ChartMill assigns a technical rating of 8 / 10 to WGF.CA.
Can you provide the trend direction for WESCAN GOLDFIELDS INC?
The current trend direction for WESCAN GOLDFIELDS INC (WGF.CA) is Bullish.
What is the RSI signal for WGF stock?
WESCAN GOLDFIELDS INC (WGF.CA) has an RSI value of 62.0665. This indicates that the stock is currently neutral.
What is the MACD signal for WESCAN GOLDFIELDS INC (WGF.CA) stock?
The MACD indicator for WESCAN GOLDFIELDS INC (WGF.CA) has a value of -0.00135304, indicating a bearish trend.
What is the short term momentum for WGF stock?
The short term momentum for WESCAN GOLDFIELDS INC (WGF.CA) is positive.