WHEATON PRECIOUS METALS CORP (WPM) Stock Technical Analysis
USA - NYSE:WPM - CA9628791027 - Common Stock
105.31 USD
-2.3 (-2.14%)
105.06 USD
-0.25 (-0.24%)
We assign a technical rating of 10 out of 10 to WPM. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that WPM is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, WPM also shows a nice and consistent pattern of rising prices.
WPM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
WPM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
WPM has an average volume of 2037510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WPM is part of the Metals & Mining industry. There are 156 other stocks in this industry, WPM did better than 52% of them.
Besides having an excellent technical rating, WPM also presents a decent setup pattern. Prices have been consolidating lately. 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.
More info and screens
71.59
108.78
When analyzing the support we can see 4 important areas.
- A support zone ranging from 96.90 to 98.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 91.00 to 91.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @88.17 from a horizontal line in the daily time frame.
- Support @72.31 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 106.51 to 107.70. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 90.4 | POSITIVE | WPM has a high relative strength, it outperformed 90.4% 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) | 58.22 | NEUTRAL | The RSI value for WPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests WPM has a negative trend. |
| Stochastics (14,3) | 64.1 | NEUTRAL | The Stochastics value for WPM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for WPM suggests some volalility. |
| Average Directional Index/ADX (14) | 32.66 | POSITIVE | The high ADX value value for WPM suggests a strong 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 |
|---|---|---|---|
| 107.71 | 102.80 | 4.92 (4.56%) | 21.91% |
| An entry @107.71. This is a Buy Stop order right above the resistance zone. | An exit @102.80. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.92 points, which is 4.56%. | When investing 21.91% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
105.31
-2.3 (-2.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.14%
1 Week0.19%
2 Weeks-0.13%
1 Month8.9%
3 Month20.59%
6 Month37.05%
12 Month68.63%
2 Year159.7%
3 Year225.43%
5 Year114.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.87
ATR(20)%2.64%
ATR Inc-2.56%
Range Today3.11
ADR(20)2.64
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.4
Mansfield2.3
10 Day High109.67
10 Day Low102.81
20 Day High109.67
20 Day Low94.54
52 Week High109.67
52 Week Low55.47
CS1 End98.87
CR1 Start106.51
Volume & EV
DER(3)-2.31%
DER(5)-0.52%
Volume1.92M
Volume Incr97.59%
Vol(5)3.64M
Vol(50)2.04M