WAJAX CORP (WJX.CA) Stock Technical Analysis
TSX:WJX - Toronto Stock Exchange - CA9307831052 - Common Stock - Currency: CAD
Overall WJX gets a technical rating of 7 out of 10. Although WJX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: WJX has an average volume of 29095 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
In the last month WJX has a been trading in the 22.41 - 23.82 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, WJX outperforms 52% of them, which is more or less in line with the market.
WJX is part of the Trading Companies & Distributors industry. There are 13 other stocks in this industry, WJX did better than 50% of them.
WJX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WJX is lagging the market.
WJX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 23.26, a Stop Loss order could be placed below this zone.
More info and screens
21.77
24.08
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.00 to 23.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.99 to 22.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @23.40 from a trend line in the daily time frame.
- A resistance zone ranging from 23.78 to 23.84. 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 WJX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WJX.CA is up. |
| ChartMill Relative Strength | 52.5 | NEUTRAL | WJX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WJX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WJX.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WJX.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.27 | NEUTRAL | The RSI value for WJX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests WJX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.02 | NEUTRAL | The Stochastics value for WJX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for WJX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.91 | NEGATIVE | The low ADX value for WJX.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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.41 | 22.99 | 0.42 (1.79%) | 25.00% |
| An entry @23.41. This is a Buy Stop order right above the resistance zone. | An exit @22.99. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.42 points, which is 1.79%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.45%. |
- The distance between exit and entry is rather small compared to the average daily movement of WJX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:WJX (7/25/2025, 7:00:00 PM)
23.3
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0%
1 Week-0.09%
2 Weeks1.04%
1 Month3.37%
3 Month33.22%
6 Month4.16%
12 Month-11.41%
2 Year-14.05%
3 Year11.59%
5 Year144.24%
10 Year15.18%
15 Year-7.5%
Volatility
ATR(14)0.36
ATR(20)%1.7%
ATR Inc-37.99%
Range Today0.27
ADR(20)0.39
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.5
Mansfield-0.38
10 Day High23.52
10 Day Low22.8
20 Day High23.82
20 Day Low22.41
52 Week High26.93
52 Week Low15.55
CS1 End23.26
CR1 Start23.4
Volume & EV
DER(3)-1.82%
DER(5)-0.04%
Volume25.87K
Volume Incr2.19%
Vol(5)22.10K
Vol(50)29.10K