Westjet Airlines Ltd. (WJA.CA) Stock Technical Analysis
TSX:WJA - Toronto Stock Exchange -
We assign a technical rating of 9 out of 10 to WJA. Both in the recent history as in the last year, WJA has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
Although WJA 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
17.80
31.31
When analyzing the support we can see 3 important areas.
- 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.
When analyzing the resistance we notice one important 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.
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 WJA.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WJA.CA is up. |
| ChartMill Relative Strength | 90.01 | POSITIVE | WJA.CA has a high relative strength, it outperformed 90.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WJA.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WJA.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WJA.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.68 | NEUTRAL | The RSI value for WJA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests WJA.CA has a positive trend. |
| Stochastics (14,3) | 98.33 | OVERBOUGHT | The high Stochastics value suggests WJA.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.5 | LOW VOLATILITY | The low ATR as a percentage value for WJA.CA suggests low volalility. |
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: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