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 1 out of 10. 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.
WGLD has a poor technical rating and the quality of the setup is also only medium 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
We found 1 important support area.
- Support @0.13 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @0.24 from a horizontal line in the daily time frame.
- Resistance @0.33 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 | DOWN | NEGATIVE | The long term trend for WGLD.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WGLD.CA is down. |
| ChartMill Relative Strength | 8.91 | NEGATIVE | WGLD.CA has a low relative strength, it was outperformed by 91.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WGLD.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WGLD.CA is below 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) | 48.43 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 90 | OVERBOUGHT | The high Stochastics value suggests WGLD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 18.69 | HIGH VOLATILITY | The high ATR as a percentage value for WGLD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 7.68 | NEGATIVE | The low ADX value for WGLD.CA suggests a weak or negative trend. |
TSX-V:WGLD (12/31/2025, 7:00:00 PM)
0.21
-0.02 (-8.7%)
WESTERN GOLD EXPLORATION LTD / WGLD.CA FAQ
What is the technical rating for WGLD stock?
ChartMill assigns a technical rating of 1 / 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 48.4314. 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 negative.
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 0.13 and a resistance level at 0.24. Check the full technical report for our detailed analysis of WGLD.CA support and resistance levels.