WESTGOLD RESOURCES LTD (WGX.CA) Technical Analysis
TSX:WGX • AU000000WGX6
Current stock price
WGX.CA Technical Rating and Analysis
Overall WGX gets a technical rating of 4 out of 10. Although WGX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month WGX has a been trading in the 4.74 - 7.78 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, WGX did better than 82% of all other stocks. We also observe that the gains produced by WGX over the past year are nicely spread over this period.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- WGX is an average performer in the Metals & Mining industry, it outperforms 58% of 804 stocks in the same industry.
- WGX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WGX is lagging the market slightly.
WGX.CA Weekly and Daily overview Charts
WGX.CA Setup Rating and Analysis
WGX 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
WGX.CA Support and Resistance Analysis
4.75
When analyzing the support we can see 2 important areas.
- Support @4.89 from a trend line in the daily time frame.
- A support zone ranging from 4.80 to 4.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 5.24 to 5.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
WGX.CA Technical Indicator Signal Analysis
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 WGX.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WGX.CA is down. |
| ChartMill Relative Strength | 82.59 | POSITIVE | WGX.CA has a high relative strength, it outperformed 82.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WGX.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WGX.CA is below a declining 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) | 37.91 | NEUTRAL | The RSI value for WGX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests WGX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.72 | NEUTRAL | The Stochastics value for WGX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.53 | HIGH VOLATILITY | The high ATR as a percentage value for WGX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 33.19 | POSITIVE | The high ADX value value for WGX.CA suggests a strong trend. |
WGX.CA Chart- and CandleStick Pattern Analysis
WGX.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:WGX (3/27/2026, 7:00:00 PM)
5.23
+0.18 (+3.56%)
WESTGOLD RESOURCES LTD / WGX.CA TA FAQ
Can you provide the ChartMill technical rating for WESTGOLD RESOURCES LTD?
ChartMill assigns a technical rating of 4 / 10 to WGX.CA.
What is the current trend direction of WESTGOLD RESOURCES LTD (WGX.CA) stock?
The current trend direction for WESTGOLD RESOURCES LTD (WGX.CA) is Bearish.
What is the RSI signal for WGX stock?
WESTGOLD RESOURCES LTD (WGX.CA) has an RSI value of 37.9131. This indicates that the stock is currently neutral.
What are the support and resistance levels for WESTGOLD RESOURCES LTD (WGX.CA) stock?
WESTGOLD RESOURCES LTD (WGX.CA) has a support level at 4.89 and a resistance level at 5.24. Check the full technical report for our detailed analysis of WGX.CA support and resistance levels.