WEST RED LAKE GOLD MINES LTD (WRLG.CA) Stock Technical Analysis
Canada - TSX-V:WRLG - CA95556L1013 - Common Stock
Taking everything into account, WRLG scores 3 out of 10 in our technical rating. Although WRLG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, WRLG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.59
When analyzing the support we can see 3 important areas.
- Support @0.85 from a trend line in the daily time frame.
- A support zone ranging from 0.82 to 0.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.60 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.85 to 0.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.90 to 0.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.02 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 | DOWN | NEGATIVE | The long term trend for WRLG.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WRLG.CA is down. |
| ChartMill Relative Strength | 74.23 | POSITIVE | WRLG.CA has a high relative strength, it outperformed 74.23% 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) | 41.25 | NEUTRAL | The RSI value for WRLG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WRLG.CA has a positive trend. |
| Stochastics (14,3) | 46.97 | NEUTRAL | The Stochastics value for WRLG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for WRLG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.42 | NEUTRAL | The ADX value for WRLG.CA suggests a possible start of a new trend. |
TSX-V:WRLG (11/18/2025, 7:00:00 PM)
0.85
+0.01 (+1.19%)
WEST RED LAKE GOLD MINES LTD / WRLG.CA FAQ
What is the technical rating for WRLG stock?
ChartMill assigns a technical rating of 3 / 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 Bearish.
What is the RSI signal for WRLG stock?
WEST RED LAKE GOLD MINES LTD (WRLG.CA) has an RSI value of 41.2458. 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 0.00123097, indicating a bearish trend.
What is the buy/sell signal for WEST RED LAKE GOLD MINES LTD (WRLG.CA) stock?
The buy/sell signal for WEST RED LAKE GOLD MINES LTD (WRLG.CA) is sell as both the short term and long term trends are negative.