WESTGOLD RESOURCES LTD (WGX.CA) Stock Technical Analysis
TSX:WGX - Toronto Stock Exchange - AU000000WGX6 - Common Stock - Currency: CAD
Overall WGX gets a technical rating of 0 out of 10. WGX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, WGX is a bad performer in the overall market: 100% of all stocks are doing better.
WGX is one of the lesser performing stocks in the Metals & Mining industry. 93% of 805 stocks in the same industry do better.
In the last month WGX has a been trading in the 2.41 - 2.63 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Although the technical rating is bad, WGX does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.43, a Stop Loss order could be placed below this zone.
More info and screens
2.12
2.91
We found 4 important support areas.
- A support zone ranging from 2.41 to 2.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.35 from a trend line in the weekly time frame.
- A support zone ranging from 2.22 to 2.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.14 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.44 to 2.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.52 to 2.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.87 to 2.88. This zone is formed by a combination of multiple trend lines 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 | 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 | 0 | NEGATIVE | WGX.CA has a low relative strength, it was outperformed by 100% 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) | DOWN | NEGATIVE | The current price of WGX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.46 | NEUTRAL | The RSI value for WGX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WGX.CA has a negative trend. |
| Stochastics (14,3) | 30.56 | NEUTRAL | The Stochastics value for WGX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for WGX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.07 | NEGATIVE | The low ADX value for WGX.CA suggests a weak or negative 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 (7/17/2025, 7:00:00 PM)
2.44
-0.04 (-1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.61%
1 Week-1.21%
2 Weeks-2.79%
1 Month-7.22%
3 Month-12.86%
6 Month3.39%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%3.3%
ATR Inc13.02%
Range Today0.04
ADR(20)0.06
ADR(20)%2.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High2.56
10 Day Low2.41
20 Day High2.63
20 Day Low2.41
52 Week HighN/A
52 Week LowN/A
CS1 End2.43
CR1 Start2.44
Volume & EV
DER(3)0%
DER(5)0%
Volume52.50K
Volume Incr-7.44%
Vol(5)224.72K
Vol(50)206.88K