WESTERN ENERGY SERVICES CORP (WRG.CA) Stock Technical Analysis
TSX:WRG - Toronto Stock Exchange - CA9581596009 - Common Stock - Currency: CAD
Overall WRG gets a technical rating of 0 out of 10. WRG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, WRG is a bad performer in the overall market: 88% of all stocks are doing better.
WRG is part of the Energy Equipment & Services industry. There are 27 other stocks in this industry, of which 84% are performing better than WRG.
WRG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month WRG has a been trading in the 2.05 - 2.37 range, which is quite wide. It is currently trading near the lows of this range.
Warning: WRG has an average volume of 1635 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of WRG is bad and it also does not present a quality setup 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.
More info and screens
2.02
3.84
When analyzing the support we notice one important area.
- A support zone ranging from 2.04 to 2.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 2.07 to 2.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.27 to 2.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.81 from a trend line in the weekly time frame.
- Resistance @2.98 from a trend line in the daily time frame.
- A resistance zone ranging from 3.18 to 3.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.80 from a horizontal 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 | 12.22 | NEGATIVE | WRG.CA has a low relative strength, it was outperformed by 87.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WRG.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WRG.CA is below a declining 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) | 45.34 | NEUTRAL | The RSI value for WRG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WRG.CA has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for WRG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for WRG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 8.51 | NEGATIVE | The low ADX value for WRG.CA suggests a weak or negative 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)
TSX:WRG (7/22/2025, 7:00:00 PM)
2.06
-0.12 (-5.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-5.5%
1 Week-9.25%
2 Weeks0.49%
1 Month-0.96%
3 Month-1.9%
6 Month-24.26%
12 Month-24.26%
2 Year-39.77%
3 Year-54.22%
5 Year-93.52%
10 Year-99.67%
15 Year-99.98%
Volatility
ATR(14)0.12
ATR(20)%5.1%
ATR Inc2.67%
Range Today0.09
ADR(20)0.04
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.22
Mansfield-2.55
10 Day High2.37
10 Day Low2.05
20 Day High2.37
20 Day Low2.05
52 Week High3.31
52 Week Low1.85
CS1 End2.05
CR1 Start2.07
Volume & EV
DER(3)0%
DER(5)0%
Volume2.70K
Volume Incr-15.2%
Vol(5)1.31K
Vol(50)1.64K