WEST RED LAKE GOLD MINES LTD (WRLG.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:WRLG - CA95556L1013 - Common Stock
Overall WRLG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, WRLG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, WRLG did better than 82% of all other stocks. We also observe that the gains produced by WRLG over the past year are nicely spread over this period.
- WRLG is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month WRLG has a been trading in the 0.98 - 1.31 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- WRLG has an average volume of 1636840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- WRLG is an average performer in the Metals & Mining industry, it outperforms 51% of 817 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although WRLG has an excellent technical rating, it does not present a decent entry opportunity 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
0.78
4 important support areas can be observed.
- A support zone ranging from 1.06 to 1.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.92 from a trend line in the weekly time frame.
- A support zone ranging from 0.85 to 0.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.79 from a horizontal line in the daily 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 | UP | POSITIVE | The short term trend for WRLG.CA is up. |
| ChartMill Relative Strength | 82.8 | POSITIVE | WRLG.CA has a high relative strength, it outperformed 82.8% off all stocks 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) | UP | POSITIVE | The current price of WRLG.CA is above the rising 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) | 76.63 | OVERBOUGHT | The high RSI value suggests WRLG.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests WRLG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.76 | OVERBOUGHT | The high Stochastics value suggests WRLG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for WRLG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 34.39 | POSITIVE | The high ADX value value for WRLG.CA suggests a strong trend. |
TSX-V:WRLG (1/20/2026, 7:00:00 PM)
1.28
-0.01 (-0.78%)
WEST RED LAKE GOLD MINES LTD / WRLG.CA FAQ
What is the technical rating for WRLG stock?
ChartMill assigns a technical rating of 10 / 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 Bullish.
What is the RSI signal for WRLG stock?
WEST RED LAKE GOLD MINES LTD (WRLG.CA) has an RSI value of 76.6257. This indicates that the stock is currently overbought.
Can you provide the MACD signal for WEST RED LAKE GOLD MINES LTD?
The MACD indicator for WEST RED LAKE GOLD MINES LTD (WRLG.CA) has a value of 0.0205874, indicating a bearish trend.
Can you provide the short term momentum for WEST RED LAKE GOLD MINES LTD?
The short term momentum for WEST RED LAKE GOLD MINES LTD (WRLG.CA) is positive.