Westjet Airlines Ltd. (WJA.CA) Technical Analysis
TSX:WJA
Current stock price
WJA.CA Technical Rating and Analysis
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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, WJA did better than 90% of all other stocks.
- A new 52 week high is currently being made by WJA, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- 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.
WJA.CA Weekly and Daily overview Charts
WJA.CA Setup Rating and Analysis
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
WJA.CA Support and Resistance Analysis
17.80
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.
WJA.CA 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.
| 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. |
WJA.CA Chart- and CandleStick Pattern Analysis
WJA.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:WJA (12/13/2019, 4:00:00 PM)
30.99
0 (0%)
Westjet Airlines Ltd. / WJA.CA TA FAQ
What is the ChartMill technical rating of Westjet Airlines Ltd. (WJA.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to WJA.CA.
Can you provide the trend direction for Westjet Airlines Ltd.?
The current trend direction for Westjet Airlines Ltd. (WJA.CA) is Bullish.
What is the RSI signal for WJA stock?
Westjet Airlines Ltd. (WJA.CA) has an RSI value of 69.6805. This indicates that the stock is currently neutral.
What is the MACD signal for Westjet Airlines Ltd. (WJA.CA) stock?
The MACD indicator for Westjet Airlines Ltd. (WJA.CA) has a value of 0.0675547, indicating a bearish trend.
Can you provide the short term momentum for Westjet Airlines Ltd.?
The short term momentum for Westjet Airlines Ltd. (WJA.CA) is positive.