WESTERN ENERGY SERVICES CORP (WRG.CA) Stock Technical Analysis
TSX:WRG - Toronto Stock Exchange - CA9581596009 - Common Stock - Currency: CAD
We assign a technical rating of 0 out of 10 to WRG. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, WRG is a bad performer in the overall market: 86% of all stocks are doing better.
WRG is part of the Energy Equipment & Services industry. There are 30 other stocks in this industry, of which 86% are performing better than WRG.
WRG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WRG is lagging the market.
In the last month WRG has a been trading in the 2.05 - 2.32 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Warning: WRG has an average volume of 10603 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Considerably lower volume is observed in the last couple of days.
WRG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.07, a Stop Loss order could be placed below this zone.
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 2.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 7 important resistance areas.
- A resistance zone ranging from 2.16 to 2.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.27 from a horizontal line in the weekly time frame.
- Resistance @2.65 from a horizontal line in the daily time frame.
- Resistance @2.88 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.00 to 3.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.18 from a horizontal line in the daily time frame.
- 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 | 14.21 | NEGATIVE | WRG.CA has a low relative strength, it was outperformed by 85.79% 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) | 47.98 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 51.11 | NEUTRAL | The Stochastics value for WRG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for WRG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 9.44 | 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 (6/13/2025, 7:00:00 PM)
2.1
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0%
1 Week-2.78%
2 Weeks-3.67%
1 Month-7.08%
3 Month-10.64%
6 Month-23.08%
12 Month-23.64%
2 Year-29.77%
3 Year-58.82%
5 Year-93.75%
10 Year-99.7%
15 Year-99.98%
Volatility
ATR(14)0.08
ATR(20)%4.14%
ATR Inc-56.25%
Range Today0
ADR(20)0.03
ADR(20)%1.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.21
Mansfield-2.37
10 Day High2.2
10 Day Low2.05
20 Day High2.32
20 Day Low2.05
52 Week High3.31
52 Week Low1.85
CS1 End2.07
CR1 Start2.16
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr-2.86%
Vol(5)1.00K
Vol(50)10.60K