WESTGOLD RESOURCES LTD (WGX.CA) Stock Technical Analysis
TSX:WGX - AU000000WGX6 - Common Stock
3.11 CAD
+0.02 (+0.65%)
Taking everything into account, WGX scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WGX is only an average performer.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by WGX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month WGX has a been trading in the 2.27 - 3.12 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, WGX turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
WGX is an average performer in the Metals & Mining industry, it outperforms 46% of 803 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although WGX 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
2.20
3.14
We found 2 important support areas.
- A support zone ranging from 2.27 to 2.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.22 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 | UP | POSITIVE | The long term trend for WGX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WGX.CA is up. |
| ChartMill Relative Strength | 68.6 | NEUTRAL | WGX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WGX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WGX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WGX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.84 | OVERBOUGHT | The high RSI value suggests WGX.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WGX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.97 | OVERBOUGHT | The high Stochastics value suggests WGX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for WGX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 37.26 | POSITIVE | The high ADX value value for WGX.CA suggests a strong 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:WGX (8/29/2025, 7:00:00 PM)
3.11
+0.02 (+0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.65%
1 Week7.99%
2 Weeks12.27%
1 Month37%
3 Month17.36%
6 Month40.09%
12 Month19.16%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%2.4%
ATR Inc4.25%
Range Today0.03
ADR(20)0.05
ADR(20)%1.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.6
Mansfield1.18
10 Day High3.12
10 Day Low2.77
20 Day High3.12
20 Day Low2.27
52 Week High3.12
52 Week Low1.97
CS1 End2.34
CR1 StartN/A
Volume & EV
DER(3)-3.61%
DER(5)-3.1%
Volume379.29K
Volume Incr2.89%
Vol(5)347.98K
Vol(50)283.59K