WEST RED LAKE GOLD MINES LTD (WRLG.CA) Technical Analysis
TSX-V:WRLG • CA95556L1013
Current stock price
WRLG.CA Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to WRLG. WRLG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- WRLG is part of the Metals & Mining industry. There are 795 other stocks in this industry, of which 62% are performing better than WRLG.
- In the last month WRLG has a been trading in the 0.94 - 1.10 range, which is quite wide. It is currently trading near the high of this range.
- WRLG has an average volume of 2382480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, WRLG outperforms 66% of them, which is more or less in line with the market.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
WRLG.CA Weekly and Daily overview Charts
WRLG.CA Setup Rating and Analysis
The technical rating of WRLG 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
WRLG.CA Support and Resistance Analysis
0.84
We found 4 important support areas.
- A support zone ranging from 0.98 to 0.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.96 from a horizontal line in the daily time frame.
- Support @0.90 from a trend line in the weekly time frame.
- Support @0.85 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.40 from a horizontal line in the daily time frame.
WRLG.CA Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for WRLG.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WRLG.CA is neutral. |
| ChartMill Relative Strength | 66.06 | NEUTRAL | WRLG.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WRLG.CA is above the rising 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) | 55.11 | NEUTRAL | The RSI value for WRLG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests WRLG.CA has a positive trend. |
| Stochastics (14,3) | 82.78 | OVERBOUGHT | The high Stochastics value suggests WRLG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for WRLG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.94 | NEUTRAL | The ADX value for WRLG.CA suggests a possible start of a new trend. |
WRLG.CA Chart- and CandleStick Pattern Analysis
WRLG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:WRLG (4/16/2026, 7:00:00 PM)
1.1
+0.05 (+4.76%)
WEST RED LAKE GOLD MINES LTD / WRLG.CA TA FAQ
What is the technical rating for WRLG stock?
ChartMill assigns a technical rating of 3 / 10 to WRLG.CA.
What is the trend direction for WRLG stock?
The current trend direction for WEST RED LAKE GOLD MINES LTD (WRLG.CA) is Bearish.
What is the RSI signal for WEST RED LAKE GOLD MINES LTD (WRLG.CA) stock?
WEST RED LAKE GOLD MINES LTD (WRLG.CA) has an RSI value of 55.1141. This indicates that the stock is currently neutral.
What is the MACD signal for WRLG stock?
The MACD indicator for WEST RED LAKE GOLD MINES LTD (WRLG.CA) has a value of 0.0165981, indicating a bearish trend.