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Westjet Airlines Ltd. (WJA.CA) Stock Technical Analysis

TSX:WJA - Toronto Stock Exchange -

30.99  0 (0%)

Technical Rating and Analysis

9

Taking everything into account, WJA scores 9 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, WJA is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, WJA did better than 90% of all other stocks.
WJA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month WJA has a been trading in a tight range between 30.20 and 31.00.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
Westjet Airlines Ltd. / WJA Weekly stock chart
Westjet Airlines Ltd. / WJA Daily stock chart
Setup Rating and Analysis

3

Although WJA 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.

Support and Resistance Analysis

17.80

31.31

3 important support areas can be observed.

  • A support zone ranging from 30.33 to 30.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @20.27 from a trend line in the weekly time frame.
  • Support @17.98 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 31.00 to 31.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for WJA.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for WJA.CA is up.
ChartMill Relative Strength90.01POSITIVEWJA.CA has a high relative strength, it outperformed 90.01% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of WJA.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of WJA.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of WJA.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)69.68NEUTRALThe RSI value for WJA.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.07POSITIVEThe MACD value suggests WJA.CA has a positive trend.
Stochastics (14,3)98.33OVERBOUGHTThe high Stochastics value suggests WJA.CA may be overbought.
Average True Range in percent/ATR (20)0.5LOW VOLATILITYThe low ATR as a percentage value for WJA.CA suggests low volalility.
Chart- and CandleStick Pattern Analysis
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)
Westjet Airlines Ltd. / WJA Daily stock chart

Westjet Airlines Ltd.

TSX:WJA (12/13/2019, 4:00:00 PM)

30.99

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week1.67%
2 Weeks2.01%
1 Month1.51%
3 Month1.27%
6 Month2.85%
12 Month69.99%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%0.5%
ATR Inc-94.35%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.01
Mansfield0.87
10 Day High31
10 Day Low30.2
20 Day High31
20 Day Low30.2
52 Week High31
52 Week Low16.71
CS1 End30.96
CR1 Start31
Volume & EV
DER(3)-3.22%
DER(5)-1.33%
Volume443.44K
Volume Incr75.34%
Vol(5)568.33K
Vol(50)309.75K