WESTERN GOLD EXPLORATION LTD (WGLD.CA) Stock Technical Analysis
TSX-V:WGLD • CA95827R2000
We assign a technical rating of 7 out of 10 to WGLD. In the last year, WGLD was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- Warning: WGLD has an average volume of 24789 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- 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 0.22 - 0.38 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When compared to the yearly performance of all other stocks, WGLD outperforms 65% of them, which is more or less in line with the market.
- 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.
Although WGLD has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.26 to 0.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.24 from a trend line in the daily time frame.
- Support @0.13 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.39 to 0.39. 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 | 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 | 65.64 | NEUTRAL | WGLD.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WGLD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WGLD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WGLD.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.77 | NEUTRAL | The RSI value for WGLD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests WGLD.CA has a positive trend. |
| Stochastics (14,3) | 81.82 | OVERBOUGHT | The high Stochastics value suggests WGLD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for WGLD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 11.29 | NEGATIVE | The low ADX value for WGLD.CA suggests a weak or negative trend. |
TSX-V:WGLD (2/25/2026, 7:00:00 PM)
0.38
+0.08 (+26.67%)
WESTERN GOLD EXPLORATION LTD / WGLD.CA FAQ
What is the technical rating for WGLD stock?
ChartMill assigns a technical rating of 7 / 10 to WGLD.CA.
What is the trend direction for WGLD stock?
The current trend direction for WESTERN GOLD EXPLORATION LTD (WGLD.CA) is Bearish.
Can you provide the RSI signal for WESTERN GOLD EXPLORATION LTD?
WESTERN GOLD EXPLORATION LTD (WGLD.CA) has an RSI value of 62.773. This indicates that the stock is currently neutral.
What is the short term momentum for WESTERN GOLD EXPLORATION LTD (WGLD.CA) stock?
The short term momentum for WESTERN GOLD EXPLORATION LTD (WGLD.CA) is positive.
What are the support and resistance levels for WESTERN GOLD EXPLORATION LTD (WGLD.CA) stock?
WESTERN GOLD EXPLORATION LTD (WGLD.CA) has a support level at 0.26 and a resistance level at 0.39. Check the full technical report for our detailed analysis of WGLD.CA support and resistance levels.