Waroona Energy Inc (WHE.CA) Stock Technical Analysis
TSX-V:WHE - TSX Venture Exchange - CA9346331080 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to WHE. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, WHE is a bad performer.
100% of all other stocks performed better in the past year than WHE.
WHE is one of the lesser performing stocks in the Metals & Mining industry. 93% of 806 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
In the last month WHE has a been trading in the 0.05 - 0.07 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although WHE has an excellent technical rating, it does not present a decent entry opportunity 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
0.06
0.07
When analyzing the support we notice one important area.
- A support zone ranging from 0.06 to 0.06. This zone is formed by a combination of multiple trend lines and important moving averages 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 WHE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WHE.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | WHE.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WHE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WHE.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 70.84 | OVERBOUGHT | The high RSI value suggests WHE.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WHE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.89 | OVERBOUGHT | The high Stochastics value suggests WHE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for WHE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.42 | POSITIVE | The high ADX value value for WHE.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-V:WHE (12/15/2023, 7:00:00 PM)
0.065
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week0%
2 Weeks18.18%
1 Month30%
3 Month18.18%
6 Month18.18%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0
ATR(20)%2.69%
ATR Inc16.67%
Range Today0.01
ADR(20)0
ADR(20)%1.15%
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 High0.07
10 Day Low0.06
20 Day High0.07
20 Day Low0.05
52 Week HighN/A
52 Week LowN/A
CS1 End0.06
CR1 StartN/A
Volume & EV
DER(3)-0.62%
DER(5)-0.37%
Volume1.08M
Volume Incr89.62%
Vol(5)397.45K
Vol(50)193.66K