West Red Lake Gold Mines Ltd (WRLG-NT-U.CA) Stock Technical Analysis
TSX-V:WRLG-NT-U - TSX Venture Exchange - - Currency: USD
Overall WRLG-NT-U gets a technical rating of 5 out of 10. In the last year, WRLG-NT-U was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
100% of all other stocks performed better in the past year than WRLG-NT-U.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long and short term trends are both positive. This is looking good!
In the last month WRLG-NT-U has a been trading in the 103.00 - 120.00 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
WRLG-NT-U has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
101.53
120.70
We found 1 important support area.
- A support zone ranging from 102.56 to 103.00. 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 WRLG-NT-U.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WRLG-NT-U.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | WRLG-NT-U.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WRLG-NT-U.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WRLG-NT-U.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 80.72 | OVERBOUGHT | The high RSI value suggests WRLG-NT-U.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests WRLG-NT-U.CA has a positive trend. |
| Stochastics (14,3) | 96.08 | OVERBOUGHT | The high Stochastics value suggests WRLG-NT-U.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for WRLG-NT-U.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 27.25 | POSITIVE | The high ADX value value for WRLG-NT-U.CA 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)
TSX-V:WRLG-NT-U (5/26/2025, 7:00:00 PM)
119.5
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week9.13%
2 Weeks14.9%
1 Month17.73%
3 Month23.01%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.79
ATR(20)%1.57%
ATR Inc-88.14%
Range Today0
ADR(20)0.39
ADR(20)%0.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High120
10 Day Low103
20 Day High120
20 Day Low103
52 Week HighN/A
52 Week LowN/A
CS1 End103
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume15.00K
Volume Incr-86.71%
Vol(5)25.80K
Vol(50)114.98K