WESTGOLD RESOURCES LTD (WGX.CA) Stock Technical Analysis
Canada - TSX:WGX - AU000000WGX6 - Common Stock
Overall WGX gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WGX is showing a nice and steady performance.
Although WGX has an excellent technical rating, the quality of the presented setup is not ideal 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
2.20
We found 5 important support areas.
- Support @4.51 from a trend line in the daily time frame.
- Support @4.39 from a horizontal line in the daily time frame.
- A support zone ranging from 2.39 to 2.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.27 to 2.27. 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.
When analyzing the resistance we notice one important area.
- Resistance @5.27 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 | 90.28 | POSITIVE | WGX.CA has a high relative strength, it outperformed 90.28% 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) | 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) | 56.15 | NEUTRAL | The RSI value for WGX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests WGX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.78 | NEUTRAL | The Stochastics value for WGX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.55 | MEDIUM VOLATILITY | The ATR as a percentage value for WGX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 32.48 | POSITIVE | The high ADX value value for WGX.CA suggests a strong trend. |
TSX:WGX (10/31/2025, 7:00:00 PM)
4.78
+0.1 (+2.14%)
WESTGOLD RESOURCES LTD / WGX.CA FAQ
Can you provide the ChartMill technical rating for WESTGOLD RESOURCES LTD?
ChartMill assigns a technical rating of 8 / 10 to WGX.CA.
What is the trend direction for WGX stock?
The current trend direction for WESTGOLD RESOURCES LTD (WGX.CA) is Bullish.
What is the RSI signal for WGX stock?
WESTGOLD RESOURCES LTD (WGX.CA) has an RSI value of 56.1499. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WESTGOLD RESOURCES LTD?
The MACD indicator for WESTGOLD RESOURCES LTD (WGX.CA) has a value of -0.0872295, indicating a bearish trend.
What is the short term momentum for WESTGOLD RESOURCES LTD (WGX.CA) stock?
The short term momentum for WESTGOLD RESOURCES LTD (WGX.CA) is positive.