WHEATON PRECIOUS METALS CORP (WPM) Stock Technical Analysis
NYSE:WPM - New York Stock Exchange, Inc. - CA9628791027 - Common Stock - Currency: USD
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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that WPM is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, WPM also shows a nice and consistent pattern of rising prices.
WPM is part of the Metals & Mining industry. There are 155 other stocks in this industry. WPM outperforms 72% of them.
WPM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so WPM is leading 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.
WPM has an average volume of 2167310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, WPM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
65.78
92.62
We found 5 important support areas.
- A support zone ranging from 90.11 to 90.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 87.40 to 88.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 82.11 to 83.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @78.50 from a horizontal line in the weekly time frame.
- Support @66.44 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for WPM is up. |
| ChartMill Relative Strength | 94.37 | POSITIVE | WPM has a high relative strength, it outperformed 94.37% 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) | 63.14 | NEUTRAL | The RSI value for WPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WPM has a positive trend. |
| Stochastics (14,3) | 56.06 | NEUTRAL | The Stochastics value for WPM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for WPM suggests some volalility. |
| Average Directional Index/ADX (14) | 33.35 | 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 |
|---|---|---|---|
| 95.24 | 90.10 | 5.14 (5.40%) | 18.53% |
| An entry @95.24. This is a Buy Stop order right above the 10 day high. | An exit @90.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.14 points, which is 5.40%. | For a 1.00% total portfolio risk, you can invest 18.53% 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.
91.7
+1.29 (+1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.43%
1 Week3.38%
2 Weeks5.71%
1 Month16.41%
3 Month24.22%
6 Month51.42%
12 Month73.22%
2 Year112.17%
3 Year154.51%
5 Year108.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.25
ATR(20)%2.45%
ATR Inc-14.24%
Range Today1.28
ADR(20)1.99
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.37
Mansfield3.19
10 Day High95.23
10 Day Low87.1
20 Day High95.23
20 Day Low76.77
52 Week High95.23
52 Week Low51.96
CS1 End90.52
CR1 StartN/A
Volume & EV
DER(3)2.32%
DER(5)1.26%
Volume1.96M
Volume Incr-3.97%
Vol(5)1.89M
Vol(50)2.17M