WEST RED LAKE GOLD MINES LTD (WRLG.CA) Stock Technical Analysis
TSX-V:WRLG - TSX Venture Exchange - CA95556L1013 - Common Stock - Currency: CAD
Overall WRLG gets a technical rating of 5 out of 10. In the last year, WRLG was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that WRLG is one of the better performing stocks in the market, outperforming 71% of all stocks.
In the last month WRLG has a been trading in the 0.80 - 0.89 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
WRLG has an average volume of 1083380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WRLG is part of the Metals & Mining industry. There are 794 other stocks in this industry, WRLG did better than 52% of them.
WRLG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WRLG is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, WRLG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.83, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.54
0.97
We found 5 important support areas.
- A support zone ranging from 0.81 to 0.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.79 from a horizontal line in the daily time frame.
- Support @0.60 from a trend line in the daily time frame.
- Support @0.59 from a trend line in the weekly time frame.
- Support @0.55 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.83 to 0.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.87 from a horizontal line in the daily time frame.
- A resistance zone ranging from 0.95 to 0.96. This zone is formed by a combination of multiple trend lines 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 WRLG.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WRLG.CA is neutral. |
| ChartMill Relative Strength | 71.96 | POSITIVE | WRLG.CA has a high relative strength, it outperformed 71.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WRLG.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WRLG.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WRLG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.27 | NEUTRAL | The RSI value for WRLG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WRLG.CA has a negative trend. |
| Stochastics (14,3) | 40.74 | NEUTRAL | The Stochastics value for WRLG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.13 | MEDIUM VOLATILITY | The ATR as a percentage value for WRLG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.26 | NEGATIVE | The low ADX value for WRLG.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-V:WRLG (7/25/2025, 7:00:00 PM)
0.83
-0.01 (-1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.19%
1 Week2.47%
2 Weeks-2.35%
1 Month-5.68%
3 Month18.57%
6 Month33.87%
12 Month23.88%
2 Year18.57%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%4.13%
ATR Inc-41.05%
Range Today0.02
ADR(20)0.03
ADR(20)%3.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.96
Mansfield0.83
10 Day High0.89
10 Day Low0.81
20 Day High0.89
20 Day Low0.8
52 Week High0.98
52 Week Low0.52
CS1 End0.83
CR1 Start0.83
Volume & EV
DER(3)0%
DER(5)0%
Volume706.30K
Volume Incr-18.81%
Vol(5)632.64K
Vol(50)1.08M