WESTGOLD RESOURCES LTD (WGX.CA) Stock Technical Analysis
TSX:WGX • AU000000WGX6
Taking everything into account, WGX scores 10 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that WGX is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, WGX also shows a nice and consistent pattern of rising prices.
- WGX is part of the Metals & Mining industry. There are 816 other stocks in this industry. WGX outperforms 70% of them.
- WGX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month WGX has a been trading in the 6.20 - 7.73 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.
Although WGX has an excellent technical rating, it 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
6.61
When analyzing the support we notice one important area.
- Support @6.68 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 | 89.96 | POSITIVE | WGX.CA has a high relative strength, it outperformed 89.96% off all stocks 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) | 63.27 | NEUTRAL | The RSI value for WGX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests WGX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.82 | OVERBOUGHT | The high Stochastics value suggests WGX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for WGX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.26 | NEGATIVE | The low ADX value for WGX.CA suggests a weak or negative trend. |
TSX:WGX (2/27/2026, 7:00:00 PM)
7.57
+0.07 (+0.93%)
WESTGOLD RESOURCES LTD / WGX.CA FAQ
Can you provide the ChartMill technical rating for WESTGOLD RESOURCES LTD?
ChartMill assigns a technical rating of 10 / 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 Bullish.
What is the RSI signal for WGX stock?
WESTGOLD RESOURCES LTD (WGX.CA) has an RSI value of 63.2706. This indicates that the stock is currently neutral.
What is the buy/sell signal for WESTGOLD RESOURCES LTD (WGX.CA) stock?
The buy/sell signal for WESTGOLD RESOURCES LTD (WGX.CA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for WESTGOLD RESOURCES LTD?
WESTGOLD RESOURCES LTD (WGX.CA) has a support level at 6.68. Check the full technical report for our detailed analysis of WGX.CA support and resistance levels.