WESTSHORE TERMINALS INVESTME (WTE.CA) Stock Technical Analysis
TSX:WTE - Toronto Stock Exchange - CA96145A2002 - Common Stock - Currency: CAD
Taking everything into account, WTE scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WTE is showing a nice and steady performance.
Besides having an excellent technical rating, WTE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 27.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.33, 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
21.94
3 important support areas can be observed.
- A support zone ranging from 27.15 to 27.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.96 to 23.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 22.16 to 22.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.35 to 27.78. 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 WTE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WTE.CA is up. |
| ChartMill Relative Strength | 73.81 | POSITIVE | WTE.CA has a high relative strength, it outperformed 73.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WTE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WTE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WTE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.88 | NEUTRAL | The RSI value for WTE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests WTE.CA has a negative trend. |
| Stochastics (14,3) | 49.01 | NEUTRAL | The Stochastics value for WTE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for WTE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.62 | POSITIVE | The high ADX value value for WTE.CA 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 |
|---|---|---|---|
| 27.79 | 27.14 | 0.65 (2.34%) | 25.00% |
| An entry @27.79. This is a Buy Stop order right above the resistance zone. | An exit @27.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.65 points, which is 2.34%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- The distance between exit and entry is rather small compared to the average daily movement of WTE. 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.
TSX:WTE (6/20/2025, 7:00:00 PM)
27.34
+0.16 (+0.59%)