WEST RED LAKE GOLD MINES LTD (WRLG.CA) Stock Technical Analysis
TSX-V:WRLG • CA95556L1013
Overall WRLG gets a technical rating of 7 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.
- WRLG is one of the lesser performing stocks in the Metals & Mining industry. 61% of 807 stocks in the same industry do better.
- In the last month WRLG has a been trading in the 1.09 - 1.49 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, WRLG did better than 76% of all other stocks.
- WRLG has an average volume of 2079980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
WRLG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.13, a Stop Loss order could be placed below this zone.
More info and screens
0.78
We found 6 important support areas.
- A support zone ranging from 1.12 to 1.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.10 from a horizontal line in the daily time frame.
- Support @0.95 from a trend line in the weekly time frame.
- Support @0.87 from a trend line in the weekly time frame.
- Support @0.83 from a trend line in the daily time frame.
- Support @0.79 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.26 to 1.28. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 76.05 | POSITIVE | WRLG.CA has a high relative strength, it outperformed 76.05% 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) | 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) | 49.38 | NEUTRAL | The RSI value for WRLG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WRLG.CA has a negative trend. |
| Stochastics (14,3) | 37.45 | NEUTRAL | The Stochastics value for WRLG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.27 | HIGH VOLATILITY | The high ATR as a percentage value for WRLG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.78 | POSITIVE | The high ADX value value for WRLG.CA suggests a strong trend. |
TSX-V:WRLG (2/13/2026, 7:00:00 PM)
1.2
-0.03 (-2.44%)
WEST RED LAKE GOLD MINES LTD / WRLG.CA FAQ
What is the technical rating for WRLG stock?
ChartMill assigns a technical rating of 7 / 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 49.3821. This indicates that the stock is currently neutral.
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 -0.0137564, 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 neutral.