WESTERN COPPER AND GOLD CORP (WRN) Stock Technical Analysis
USA - NYSEARCA:WRN - CA95805V1085 - Common Stock
We assign a technical rating of 8 out of 10 to WRN. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, WRN also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.02, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.98
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.98 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.88 to 1.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.47 from a trend line in the daily time frame.
- Support @1.43 from a trend line in the weekly time frame.
- Support @0.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.18 to 2.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 WRN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WRN is neutral. |
| ChartMill Relative Strength | 93.96 | POSITIVE | WRN has a high relative strength, it outperformed 93.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WRN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.42 | NEUTRAL | The RSI value for WRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.15 | NEUTRAL | The Stochastics value for WRN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.45 | HIGH VOLATILITY | The high ATR as a percentage value for WRN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.17 | NEGATIVE | The low ADX value for WRN suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.22 | 1.97 | 0.25 (11.26%) | 8.88% |
| An entry @2.22. This is a Buy Stop order right above the resistance zone. | An exit @1.97. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.25 points, which is 11.26%. | When investing 8.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.09
+0.02 (+0.97%)
WESTERN COPPER AND GOLD CORP / WRN FAQ
What is the technical rating for WRN stock?
ChartMill assigns a technical rating of 8 / 10 to WRN.
Can you provide the trend direction for WESTERN COPPER AND GOLD CORP?
The current trend direction for WESTERN COPPER AND GOLD CORP (WRN) is Bullish.
Can you provide the RSI signal for WESTERN COPPER AND GOLD CORP?
WESTERN COPPER AND GOLD CORP (WRN) has an RSI value of 52.4177. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WESTERN COPPER AND GOLD CORP?
The MACD indicator for WESTERN COPPER AND GOLD CORP (WRN) has a value of -0.00361546, indicating a bearish trend.
What are the support and resistance levels for WESTERN COPPER AND GOLD CORP (WRN) stock?
WESTERN COPPER AND GOLD CORP (WRN) has a support level at 2.02 and a resistance level at 2.18. Check the full technical report for our detailed analysis of WRN support and resistance levels.