WESTERN FOREST PRODUCTS INC (WEF.CA) Stock Technical Analysis
TSX:WEF - Toronto Stock Exchange - CA9582112038 - Common Stock - Currency: CAD
Taking everything into account, WEF scores 2 out of 10 in our technical rating. In the past year, WEF was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
80% of all other stocks performed better in the past year than WEF.
WEF is part of the Paper & Forest Products industry. There are 12 other stocks in this industry, of which 63% are performing better than WEF.
WEF is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month WEF has a been trading in the 0.38 - 0.49 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Volume is considerably higher in the last couple of days.
The technical rating of WEF is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.38
0.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.39 from a horizontal line in the daily time frame.
- A support zone ranging from 0.38 to 0.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @0.45 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.47 to 0.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.48 to 0.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.61
Mansfield-1.28
10 Day High0.47
10 Day Low0.4
20 Day High0.49
20 Day Low0.38
52 Week High0.67
52 Week Low0.37
Performance
1 Week-4.44%
2 Weeks-5.49%
1 Month8.86%
3 Month0%
6 Month-2.27%
12 Month-27.12%
2 Year-61.61%
3 Year-78.61%
5 Year-31.75%
10 Year-78.17%
15 Year43.33%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)49.51
LBB0.4
UBB0.49
TSX:WEF (3/7/2025, 7:00:00 PM)
0.43
+0.01 (+2.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg2.38%
1 Week-4.44%
2 Weeks-5.49%
1 Month8.86%
3 Month0%
6 Month-2.27%
12 Month-27.12%
2 Year-61.61%
3 Year-78.61%
5 Year-31.75%
10 Year-78.17%
15 Year43.33%
Volatility
ATR(14)0.02
ATR(20)%5.12%
ATR Inc5%
Range Today0.02
ADR(20)0.02
ADR(20)%5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.61
Mansfield-1.28
10 Day High0.47
10 Day Low0.4
20 Day High0.49
20 Day Low0.38
52 Week High0.67
52 Week Low0.37
CS1 End0.42
CR1 Start0.45
Volume & EV
DER(3)-9.72%
DER(5)-7.05%
Volume454.04K
Volume Incr58.55%
Vol(5)508.46K
Vol(50)334.04K