WESTERN GOLD EXPLORATION LTD (WGLD.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:WGLD - CA95827R2000 - Common Stock
Overall WGLD gets a technical rating of 6 out of 10. WGLD has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, WGLD is a bad performer in the overall market: 89% of all stocks are doing better.
- WGLD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- 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.
- Warning: WGLD has an average volume of 22776 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 0.18 - 0.29 range, which is quite wide. It is currently trading near the high of this range.
- 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 an average technical rating and it also 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
0.13
2 important support areas can be observed.
- Support @0.26 from a horizontal line in the daily time frame.
- Support @0.13 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.32 from a trend line in the weekly time frame.
- Resistance @0.36 from a trend line in the weekly time frame.
- Resistance @0.39 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 | 11.25 | NEGATIVE | WGLD.CA has a low relative strength, it was outperformed by 88.75% off all stocks 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 | NEGATIVE | The current price of WGLD.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.94 | 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) | 87.04 | OVERBOUGHT | The high Stochastics value suggests WGLD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.53 | HIGH VOLATILITY | The high ATR as a percentage value for WGLD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 10.79 | NEGATIVE | The low ADX value for WGLD.CA suggests a weak or negative trend. |
TSX-V:WGLD (1/22/2026, 7:00:00 PM)
0.295
0 (0%)
WESTERN GOLD EXPLORATION LTD / WGLD.CA FAQ
What is the technical rating for WGLD stock?
ChartMill assigns a technical rating of 6 / 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 54.9419. 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 0.32. Check the full technical report for our detailed analysis of WGLD.CA support and resistance levels.