WESTERN ENERGY SERVICES CORP (WRG.CA) Stock Technical Analysis
Canada - TSX:WRG - CA9581596009 - Common Stock
Taking everything into account, WRG scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. WRG was also a bad performer in the overall market in the last year.
Although the technical rating is bad, WRG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.10, a Stop Loss order could be placed below this zone.
More info and screens
1.98
We found 1 important support area.
- A support zone ranging from 2.00 to 2.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- Resistance @2.18 from a trend line in the daily time frame.
- Resistance @2.33 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.38 to 2.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.68 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 | DOWN | NEGATIVE | The long term trend for WRG.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WRG.CA is neutral. |
| ChartMill Relative Strength | 7.5 | NEGATIVE | WRG.CA has a low relative strength, it was outperformed by 92.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WRG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WRG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WRG.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.56 | NEUTRAL | The RSI value for WRG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WRG.CA has a positive trend. |
| Stochastics (14,3) | 11.11 | OVERSOLD | The low Stochastics value suggests WRG.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for WRG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 7.6 | NEGATIVE | The low ADX value for WRG.CA suggests a weak or negative trend. |
TSX:WRG (10/23/2025, 7:00:00 PM)
2.12
+0.09 (+4.43%)
WESTERN ENERGY SERVICES CORP / WRG.CA FAQ
What is the ChartMill technical rating of WESTERN ENERGY SERVICES CORP (WRG.CA) stock?
ChartMill assigns a technical rating of 2 / 10 to WRG.CA.
Can you provide the trend direction for WESTERN ENERGY SERVICES CORP?
The current trend direction for WESTERN ENERGY SERVICES CORP (WRG.CA) is Bearish.
What is the RSI signal for WRG stock?
WESTERN ENERGY SERVICES CORP (WRG.CA) has an RSI value of 53.5618. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WESTERN ENERGY SERVICES CORP?
The MACD indicator for WESTERN ENERGY SERVICES CORP (WRG.CA) has a value of 0.00179691, indicating a bearish trend.