WESTERN COPPER AND GOLD CORP (WRN) Stock Technical Analysis
NYSEARCA:WRN • CA95805V1085
We assign a technical rating of 8 out of 10 to WRN. In the last year, WRN was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month WRN has a been trading in the 2.97 - 4.26 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that WRN is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by WRN over the past year are nicely spread over this period.
- WRN is one of the better performing stocks in the Metals & Mining industry, it outperforms 76% of 157 stocks in the same industry.
- WRN has an average volume of 1767090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- WRN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WRN is lagging the market.
Besides having an excellent technical rating, WRN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
2.61
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.92 to 2.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.64 to 2.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @3.03 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 WRN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WRN is down. |
| ChartMill Relative Strength | 97.66 | POSITIVE | WRN has a high relative strength, it outperformed 97.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WRN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WRN is below 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) | 44.39 | NEUTRAL | The RSI value for WRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests WRN has a negative trend. |
| Stochastics (14,3) | 15.76 | OVERSOLD | The low Stochastics value suggests WRN may be oversold. |
| Average True Range in percent/ATR (20) | 10.23 | HIGH VOLATILITY | The high ATR as a percentage value for WRN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.69 | POSITIVE | The high ADX value value for WRN suggests a strong 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 |
|---|---|---|---|
| 3.04 | 2.96 | 0.08 (2.63%) | 25.00% |
| An entry @3.04. This is a Buy Stop order right above the resistance zone. | An exit @2.96. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 2.63%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%. |
- The distance between exit and entry is rather small compared to the average daily movement of WRN. Please evaluate whether better entry and exit points can be found.
- 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.
3.02
-0.25 (-7.65%)
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.
What is the trend direction for WRN stock?
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 44.3886. This indicates that the stock is currently neutral.
What is the short term momentum for WRN stock?
The short term momentum for WESTERN COPPER AND GOLD CORP (WRN) is negative.
Can you provide the buy/sell signal for WESTERN COPPER AND GOLD CORP?
The buy/sell signal for WESTERN COPPER AND GOLD CORP (WRN) is hold as the short term and long term trends are mixed.