WHEATON PRECIOUS METALS CORP (WPM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WPM - CA9628791027 - Common Stock
Taking everything into account, WPM scores 7 out of 10 in our technical rating. WPM was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although WPM 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.
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74.68
5 important support areas can be observed.
- Support @99.21 from a trend line in the weekly time frame.
- A support zone ranging from 96.50 to 96.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @94.37 from a horizontal line in the daily time frame.
- Support @91.89 from a horizontal line in the daily time frame.
- Support @75.43 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @105.66 from a trend line in the daily time frame.
- Resistance @113.50 from a horizontal line 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 WPM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WPM is neutral. |
| ChartMill Relative Strength | 90.69 | POSITIVE | WPM has a high relative strength, it outperformed 90.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WPM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WPM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WPM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.44 | NEUTRAL | The RSI value for WPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests WPM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.57 | NEUTRAL | The Stochastics value for WPM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for WPM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.4 | NEGATIVE | The low ADX value for WPM suggests a weak or negative trend. |
99.27
-0.35 (-0.35%)
WHEATON PRECIOUS METALS CORP / WPM FAQ
What is the technical rating for WPM stock?
ChartMill assigns a technical rating of 7 / 10 to WPM.
What is the current trend direction of WHEATON PRECIOUS METALS CORP (WPM) stock?
The current trend direction for WHEATON PRECIOUS METALS CORP (WPM) is Bullish.
Can you provide the RSI signal for WHEATON PRECIOUS METALS CORP?
WHEATON PRECIOUS METALS CORP (WPM) has an RSI value of 45.4434. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for WHEATON PRECIOUS METALS CORP?
WHEATON PRECIOUS METALS CORP (WPM) has a support level at 99.21 and a resistance level at 105.66. Check the full technical report for our detailed analysis of WPM support and resistance levels.