WHEATON PRECIOUS METALS CORP (WPM) Stock Technical Analysis
NYSE:WPM - New York Stock Exchange, Inc. - CA9628791027 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to WPM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WPM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that WPM is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by WPM over the past year are nicely spread over this period.
WPM is part of the Metals & Mining industry. There are 151 other stocks in this industry. WPM outperforms 80% of them.
A new 52 week high is currently being made by WPM, which is a very good signal! Especially since the S&P500 is only trading in the middle part of its 52 week range, so WPM is leading the market.
In the last month WPM has a been trading in the 66.01 - 71.81 range, which is quite wide. It is currently trading near the high of this range.
WPM has an average volume of 1425780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, WPM 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 70.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 70.48, 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
56.20
71.68
We found 3 important support areas.
- A support zone ranging from 68.04 to 70.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.84 from a trend line in the weekly time frame.
- Support @56.77 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 70.50 to 70.97. 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
CRS94.47
Mansfield1.73
10 Day High71.81
10 Day Low66.69
20 Day High71.81
20 Day Low66.01
52 Week High71.81
52 Week Low43.18
Performance
1 Week2.28%
2 Weeks3.59%
1 Month5.41%
3 Month14.94%
6 Month21.58%
12 Month57.66%
2 Year46.37%
3 Year48.15%
5 Year156.05%
10 YearN/A
15 YearN/A
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)-0.15
RSI(14)62.82
LBB67.58
UBB71.08
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 |
|---|---|---|---|
| 70.98 | 68.03 | 2.95 (4.16%) | 24.06% |
| An entry @70.98. This is a Buy Stop order right above the resistance zone. | An exit @68.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.95 points, which is 4.16%. | When investing 24.06% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of WPM. 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.
70.49
+0.29 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.41%
1 Week2.28%
2 Weeks3.59%
1 Month5.41%
3 Month14.94%
6 Month21.58%
12 Month57.66%
2 Year46.37%
3 Year48.15%
5 Year156.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.08
ATR(20)%2.86%
ATR Inc-4.29%
Range Today2.16
ADR(20)1.92
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.47
Mansfield1.73
10 Day High71.81
10 Day Low66.69
20 Day High71.81
20 Day Low66.01
52 Week High71.81
52 Week Low43.18
CS1 End70.48
CR1 Start70.5
Volume & EV
DER(3)1.04%
DER(5)1.32%
Volume1.60M
Volume Incr-4.98%
Vol(5)1.52M
Vol(50)1.43M