WESTERN GOLD EXPLORATION LTD (WGLD.CA) Stock Technical Analysis
Canada - TSX-V:WGLD - CA95827R1010 - Common Stock
0.07 CAD
+0.01 (+7.69%)
Taking everything into account, WGLD scores 3 out of 10 in our technical rating. WGLD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
79% of all other stocks performed better in the past year than WGLD.
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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month WGLD has a been trading in the 0.04 - 0.08 range, which is quite wide. It is currently trading near the high of this range.
WGLD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WGLD is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
WGLD has a poor technical rating and the quality of the setup is also not perfect 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
0.06
0.10
We found 1 important support area.
- A support zone ranging from 0.06 to 0.06. 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 0.08 to 0.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.10 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 | NEUTRAL | NEUTRAL | The long term trend for WGLD.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WGLD.CA is up. |
| ChartMill Relative Strength | 21.58 | NEGATIVE | WGLD.CA has a low relative strength, it was outperformed by 78.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WGLD.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WGLD.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WGLD.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.45 | NEUTRAL | The RSI value for WGLD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WGLD.CA has a positive trend. |
| Stochastics (14,3) | 77.78 | NEUTRAL | The Stochastics value for WGLD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 11.33 | HIGH VOLATILITY | The high ATR as a percentage value for WGLD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 11.64 | NEGATIVE | The low ADX value for WGLD.CA 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)
TSX-V:WGLD (9/19/2025, 7:00:00 PM)
0.07
+0.01 (+7.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg7.69%
1 Week36.36%
2 Weeks25%
1 Month0%
3 Month15.38%
6 Month7.14%
12 Month-16.67%
2 Year-37.5%
3 Year-50%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%11.33%
ATR Inc-30%
Range Today0
ADR(20)0
ADR(20)%6.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.58
Mansfield-2
10 Day High0.08
10 Day Low0.05
20 Day High0.08
20 Day Low0.05
52 Week High0.13
52 Week Low0.04
CS1 End0.06
CR1 Start0.08
Volume & EV
DER(3)0%
DER(5)0%
Volume13.00K
Volume Incr-47.31%
Vol(5)13.18K
Vol(50)32.48K