WHEATON PRECIOUS METALS CORP (WPM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WPM - CA9628791027 - Common Stock
Taking everything into account, WPM scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, WPM has proven to be a steady performer, scoring decent points in every aspect analyzed.
WPM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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5 important support areas can be observed.
- A support zone ranging from 117.38 to 117.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @105.49 from a trend line in the weekly time frame.
- Support @101.76 from a trend line in the daily time frame.
- Support @98.47 from a trend line in the daily time frame.
- Support @78.17 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 124.75 to 125.51. 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 WPM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WPM is up. |
| ChartMill Relative Strength | 94.75 | POSITIVE | WPM has a high relative strength, it outperformed 94.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WPM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WPM is above the rising 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) | 63.63 | NEUTRAL | The RSI value for WPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests WPM has a positive trend. |
| Stochastics (14,3) | 80.47 | OVERBOUGHT | The high Stochastics value suggests WPM may be overbought. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for WPM suggests some volalility. |
| Average Directional Index/ADX (14) | 22.18 | NEUTRAL | The ADX value for WPM suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 125.52 | 117.37 | 8.15 (6.49%) | 15.40% |
| An entry @125.52. This is a Buy Stop order right above the resistance zone. | An exit @117.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.15 points, which is 6.49%. | For a 1.00% total portfolio risk, you can invest 15.40% of your capital in this trade. |
- 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.
124.74
+0.96 (+0.78%)
WHEATON PRECIOUS METALS CORP / WPM FAQ
What is the technical rating for WPM stock?
ChartMill assigns a technical rating of 10 / 10 to WPM.
Can you provide the trend direction for WHEATON PRECIOUS METALS CORP?
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 63.6335. This indicates that the stock is currently neutral.
What is the MACD signal for WHEATON PRECIOUS METALS CORP (WPM) stock?
The MACD indicator for WHEATON PRECIOUS METALS CORP (WPM) has a value of 0.0264, indicating a bearish trend.
What is the support and resistance level for WPM stock?
WHEATON PRECIOUS METALS CORP (WPM) has a support level at 117.87 and a resistance level at 124.75. Check the full technical report for our detailed analysis of WPM support and resistance levels.