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. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WPM is showing a nice and steady performance.
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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77.39
We found 4 important support areas.
- A support zone ranging from 104.96 to 105.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @101.43 from a trend line in the daily time frame.
- Support @98.29 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 124.22 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 | 94.59 | POSITIVE | WPM has a high relative strength, it outperformed 94.59% 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) | 61.41 | NEUTRAL | The RSI value for WPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests WPM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.88 | NEUTRAL | The Stochastics value for WPM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for WPM suggests some volalility. |
| Average Directional Index/ADX (14) | 22.82 | NEUTRAL | The ADX value for WPM suggests a possible start of a new trend. |
122.99
-2.52 (-2.01%)
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 61.4099. 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 -0.0347451, indicating a bearish trend.
What is the support and resistance level for WPM stock?
WHEATON PRECIOUS METALS CORP (WPM) has a support level at 105.49 and a resistance level at 124.22. Check the full technical report for our detailed analysis of WPM support and resistance levels.