WEST RED LAKE GOLD MINES LTD (WRLG.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:WRLG - CA95556L1013 - Common Stock
0.91 CAD
-0.02 (-2.15%)
We assign a technical rating of 4 out of 10 to WRLG. In the last year, WRLG was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
WRLG is one of the lesser performing stocks in the Metals & Mining industry. 62% of 803 stocks in the same industry do better.
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!
WRLG has an average volume of 2075440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, WRLG turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
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.
In the last month WRLG has a been trading in the 0.80 - 0.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
WRLG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for WRLG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.78
1.00
We found 3 important support areas.
- Support @0.87 from a trend line in the weekly time frame.
- A support zone ranging from 0.81 to 0.84. 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.92 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.97 to 0.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.99 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for WRLG.CA is neutral. |
| ChartMill Relative Strength | 69.5 | 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) | 49.82 | NEUTRAL | The RSI value for WRLG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests WRLG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.65 | NEUTRAL | The Stochastics value for WRLG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for WRLG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.52 | 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 (12/9/2025, 7:00:00 PM)
0.91
-0.02 (-2.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.15%
1 Week-4.21%
2 Weeks1.11%
1 Month4.6%
3 Month-17.27%
6 Month0%
12 Month54.24%
2 Year10.98%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%4.97%
ATR Inc27.27%
Range Today0.03
ADR(20)0.04
ADR(20)%4.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.5
3 months CRS12.74
6 months CRS27.47
Mansfield0.29
10 Day High0.99
10 Day Low0.87
20 Day High0.99
20 Day Low0.8
52 Week High1.18
52 Week Low0.54
CS1 End0.87
CR1 Start0.92
Volume & EV
DER(3)15.42%
DER(5)9.25%
Volume1.26M
Volume Incr-0.65%
Vol(5)1.34M
Vol(50)2.08M
WEST RED LAKE GOLD MINES LTD / WRLG.CA FAQ
What is the technical rating for WRLG stock?
ChartMill assigns a technical rating of 4 / 10 to WRLG.CA.
What is the current trend direction of WEST RED LAKE GOLD MINES LTD (WRLG.CA) 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 49.8184. This indicates that the stock is currently neutral.
What is the MACD signal for WEST RED LAKE GOLD MINES LTD (WRLG.CA) stock?
The MACD indicator for WEST RED LAKE GOLD MINES LTD (WRLG.CA) has a value of 0.008166, indicating a bearish trend.